Could Bitcoin be about to explode? One analyst thinks so, pointing to a fascinating connection between Bitcoin’s price and the global M2 money supply.
The M2 Guy’s Prediction
“The M2 Guy,” a crypto analyst on X (formerly Twitter), has been closely tracking the relationship between Bitcoin’s price and the global M2 (a measure of the money supply). He’s found a strong correlation, specifically using a 107-day offset. This means comparing Bitcoin’s price from 107 days ago to the current M2 levels.
The Blast Off Date?
Based on this 107-day offset analysis, The M2 Guy predicts a significant Bitcoin price surge starting around April 30th
. He anticipates this rally could last for a couple of months, mirroring the sharp rise in the global M2 money supply. The potential price target? Above $140,000!
Beyond the Date: The Bigger Picture
While April 30th is a key date in his projection, The M2 Guy emphasizes the bigger picture. The continuous growth of the global M2 money supply is the real driver, creating a favorable environment for Bitcoin and other cryptocurrencies. Don’t get too hung up on the exact date, he advises; focus on the overall trend.
What This Means for Investors
This analysis suggests a bullish outlook for Bitcoin, but there’s a waiting game. The predicted rally isn’t happening tomorrow. This could be tough for short-term traders, but it’s a great opportunity for long-term holders to accumulate more Bitcoin at the current price before the potential surge. Some even predict Bitcoin could double in price before the end of 2025. Currently, Bitcoin is trading around $84,310.
