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.