Ah, Bitcoin. A cryptocurrency so volatile, it makes roller coasters look like a walk in the park. After suffering a rather mild correction in the last 24 hours, Bitcoin has inspired yet another round of discussions. This time, however, it’s not the usual crowd of crypto enthusiasts or conspiracy theorists, but the likes of Raoul Pal and Abra CEO Bill Barhydt. They are now looking at Bitcoin’s price with a lens that’s… surprisingly mathematical: the M2 money supply. Yes, that old chestnut.
According to Barhydt, the correlation between Bitcoin and M2 money supply is so strong, one might believe it was designed by some divine force to predict the price of crypto. According to him, the more cash there is swirling around the world, the more devalued fiat becomes, and—surprise!—emerging assets like Bitcoin just seem to shine brighter. What a revelation! When money flows freely, it seems Bitcoin is the one who dances the jig.
Now, before you start dusting off your wallets in anticipation of a quick fortune, let’s pump the brakes. According to these analysts, the current trend is still hinting at a short-term bearish outlook. Could Bitcoin’s value sink down to a mere $100,000? Well, it’s not entirely out of the question. But fear not, for this may just be a minor dip before it rockets to a new all-time high, possibly reaching an ethereal $130,000 by August or September. Will this prophecy come true? Well, let’s just say it’s as likely as your uncle winning the lottery every week.
But one thing is certain: the more money there is in circulation, the more Bitcoin has room to grow. It’s almost poetic, isn’t it? The rise of Bitcoin and the fall of the dollar, all wrapped up in an analysis of charts and trends. What a time to be alive. 🤷♂️
Source: X, Bitcoin Vs M2 Money Supply
For more gripping insights and predictions, do check out the full article at Coingape.com. You’ll want to read this – or not. Up to you, really.
Read More
- Best Awakened Hollyberry Build In Cookie Run Kingdom
- AI16Z PREDICTION. AI16Z cryptocurrency
- Tainted Grail the Fall of Avalon: Should You Turn in Vidar?
- Best Mage Skills in Tainted Grail: The Fall of Avalon
- Nintendo Offers Higher Margins to Japanese Retailers in Switch 2 Push
- Top 8 UFC 5 Perks Every Fighter Should Use
- Nintendo Switch 2 Confirms Important Child Safety Feature
- Nintendo May Be Struggling to Meet Switch 2 Demand in Japan
- Nintendo Dismisses Report On Switch 2 Retailer Profit Margins
- Nvidia Reports Record Q1 Revenue
2025-06-01 00:15