<ul><li>Bitcoin has been trading between $108,000 and $110,000 recently despite some volatility in January and April.</li><li>Analyst Kyle Chassé suggests that Bitcoin's price follows global M2 money supply with a 90-day lag, indicating a potential rise to $400,000 if M2 keeps rising.</li><li>Chassé's projection of Bitcoin reaching $400,000 is based on the idea that Bitcoin is 'coded' to follow the growth of the global M2 money supply.</li><li>While money supply is a significant factor in Bitcoin's price movements, other factors like real interest rates, policy changes, and on-chain signals can also impact its value.</li></ul>

$400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’

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