Bitcoin Price Prediction: Updated Global M2 Chart Reveals BTC Price Target for 2025
Julian Bittel from Global Macro Research correlates Bitcoin’s future price target of $170,000 to rising global liquidity as per his updated Global M2 chart. As major institutions invest heavily, ETF inflows skyrocket, exemplifying Bitcoin’s role as a hedge. Moreover, new offerings like BTC Bull aim to reward engaging holders, unveiling potential double-digit returns. Investors are advised to act fast as presale opportunities close soon.
Julian Bittel from Global Macro Research has recently rolled out an updated chart that tracks the Global M2 money supply, and it has sparked some serious buzz in the Bitcoin community. For those not in the know, the Global M2 is an essential gauge that captures the total money circulating in major economies. Historically, Bitcoin has had a robust positive correlation with global liquidity, which means what’s happening in M2 is key to predicting BTC prices. In fact, Bittel’s chart hints that Bitcoin’s price could soar up to $170,000 in the coming months.
The backdrop of this prediction is compelling; liquidity is on the rise, and this indicates that Bitcoin’s price target might even shift higher as the year progresses. Several indicators back Bittel’s optimistic outlook. For instance, there’s the ongoing surge in Bitcoin ETF inflows. Notably, BlackRock’s IBIT has recorded inflows for 16 consecutive days, now managing a hefty $51.6 billion in assets. This is significant as ETF investors are seemingly overlooking geopolitical tensions, further establishing Bitcoin’s role as a viable hedge amid uncertainty.
In addition, institutional buying of Bitcoin is on the rise, described by some as FOMO—fear of missing out. One eye-catching development has GameStop pulling in another $450 million, bringing its total fundraising to $2.7 billion, all aimed at designating Bitcoin as a reserve asset. Moreover, Texas has emerged as the latest state to endorse a strategic Bitcoin reserve, which paves the way for uncapped Bitcoin holdings. These moves reflect a broader acceptance of Bitcoin as a pivotal asset class.
In yet another notable shakeup, Bill Pulte, the U.S. Director of Federal Housing, has urged Fannie Mae and Freddie Mac, both government-sponsored entities, to consider accepting crypto assets as collateral for mortgages. This could ramp up both institutional and retail interest in Bitcoin significantly. Adding to the bullish sentiment, Bitcoin exchange supplies dipped to an all-time low on Wednesday, meaning that there are fewer Bitcoins available on exchanges. Analysts continue to express strong bullish sentiment, with many foreseeing a BTC price at least reaching $150,000 this year.
Currently, key cycle top indicators suggest that Bitcoin still has significant upside waiting. Bitcoin’s MVRV score, for instance, indicates that the cryptocurrency remains far from its cycle peak. This aligns with the notion that Bitcoin could reasonably track the Global M2, aiming for that $170,000 mark, potentially by early next year.
For those considering entry into this booming market, Bitcoin’s outlook also positively affects BTC beta plays. A fresh concept dubbed BTC Bull (BTCBULL) is in the pipeline, with the idea of rewarding holders based directly on Bitcoin’s price performance. Under this scheme, as Bitcoin surges past pivotal price points, BTC Bull intends to host airdrops, execute token burn events, and offer actual Bitcoin giveaways.
For example, a token burn event that will eliminate 5% of the total token supply is planned as Bitcoin reaches $125,000, while free Bitcoin airdrops kick in when BTC hits $150,000. BTC Bull is already gaining traction with a presale that has attracted about $8 million and interest from significant crypto investors, often referred to as “whales.” Analysts and crypto enthusiasts are optimistic, anticipating potential returns ranging from 10x to 100x for early investors. However, there is urgency for potential buyers, as they have only four days left to secure their BTC Bull tokens at presale prices before its ICO wraps up on June 30th.
In summary, if Bittel’s updated Global M2 chart holds water, Bitcoin’s price could potentially touch $170,000 in the coming months. With substantial influences from ongoing ETF investments and institutional buy-ins, there appears to be a robust market environment supporting this trajectory. Furthermore, new offerings such as BTC Bull aim to incentivize investment, potentially enriching holders as Bitcoin climbs. Market participants are encouraged to act quickly as opportunities for early investments in BTC Bull are limited, with the presale set to close soon.
Original Source: en.cryptonomist.ch
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