A chart circulating in the crypto market claims that Bitcoin could reach $250,000–$300,000 if its price follows the trend in the global M2 money supply. However, this is not a guaranteed price prediction.
Global M2 refers to a combined measure of cash, bank deposits, and easily accessible savings circulating in the economies of various countries. An increase in the money supply can add liquidity to markets for investment.
Abra CEO Bill Barhydt said on the October 8 episode of The Pomp Podcast that many people believe a chart comparing Global M2 and Bitcoin points to a potential price of around $250,000–$300,000. This is a market view he mentioned, not a confirmed forecast.
The reasoning behind this analysis is that while the global money supply may grow, Bitcoin’s maximum supply is capped at 21 million coins. However, a limited supply alone does not guarantee a price increase—demand must also rise.
Source: 24/7 Wall St.
This is a summary of market coverage, not investment advice.
#bitcoinnews #PriyoTech
Global M2 refers to a combined measure of cash, bank deposits, and easily accessible savings circulating in the economies of various countries. An increase in the money supply can add liquidity to markets for investment.
Abra CEO Bill Barhydt said on the October 8 episode of The Pomp Podcast that many people believe a chart comparing Global M2 and Bitcoin points to a potential price of around $250,000–$300,000. This is a market view he mentioned, not a confirmed forecast.
The reasoning behind this analysis is that while the global money supply may grow, Bitcoin’s maximum supply is capped at 21 million coins. However, a limited supply alone does not guarantee a price increase—demand must also rise.
Source: 24/7 Wall St.
This is a summary of market coverage, not investment advice.
#bitcoinnews #PriyoTech