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Bitcoin Follows Global M2 Money Supply, Analyst Predicts $400K Target

  • Analyst Kyle Chassé predicts a $400K target for Bitcoin based on its correlation with global M2 money supply.
  • Chassé's analysis indicates a three-month lag between Bitcoin rallies and monetary expansion, with current M2 growth above $111 trillion suggesting continued Bitcoin strength.
  • Julien Bittel from Global Macro Investor also supports this thesis, noting that liquidity gains have preceded Bitcoin rallies by around 12 weeks, with M2 serving as a leading signal for price fluctuations.
  • The recent surge in global M2 above $111 trillion suggests that Bitcoin could experience continued upward pressure in the coming months, but changes in global monetary policy could pose risks to Bitcoin's price movements.

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