Amsterdam-based cryptocurrency analyst and trader Michael Van de Poppe shares the charts, believing that it shows that Bitcoin is likely to surge into a new historic price record within the next three months.
M2 supply rally goes up
Poppe shared a chart provided by the head of macro research at Global Macro Investor (GMI) Julien Bittel. The chart shows the accelerated M2 supply, which measures the total volume of circulation, including cash and deposits.
The chart shows that Bitcoin prices were correlated with M2 trajectories earlier this year. Bitcoin prices fell sharply when M2 reached the bottom zone. The chart begins in 2023 and shows that BTC and M2 are correlated all the time.
If the tandem continues, Michael Van de Poppe says Bitcoin is likely to reach an all-time high within the next three months. The chart shows that M2 rise is likely to precede a surge in Bitcoin prices. Currently, the overall money supply is at $120 trillion, according to the chart.
Analysts say if the prices of M2 and Bitcoin skyrocket, it means China’s yuan rise against the US dollar, a fall in gold prices, a fall in the US dollar index, and an upward trend in the Altcoin market.
A great chart showing that M2 supply is back up.
If there is a correlation remaining, I think #bitcoin Rally will be gathering at ATH this quarter.
This also means an increase in CNH/USD, a decrease in yield, a decrease in gold, a decrease in DXY, and an increase in #…pic.twitter.com/wlcabg6kdn.
-Michaël Vande Poppe (@cryptomichnl) April 15, 2025
Strategy scoops up more bitcoin
This week, Michael Saylor announced that his company, Strategy (formerly Micro Strategy), has done yet another major Bitcoin acquisition, 4,459 BTC. This amount of cryptocurrency cost strategy is approximately $285.8 million.
Currently, Bitcoin holdings for the Strategic has increased to 531,644 BTC, equivalent to $45,500,432,753, while Bitcoin is currently trading at $85,584 per coin.
Strategy faces criticism from the community
Famous Internet entrepreneur Vinny Lingham criticizes Saylor and his company, turning it into the “Bitcoin Federal Reserve,” highlighting the impact on the network if the strategy’s BTC bags grows in size and potentially higher.
Comparison with the Federal Reserve suggests that if the majority of Bitcoin is concentrated solely on the hands of a small number of corporate holders, Nakamoto’s invention is centralized like the US dollar thanks to the Fed.
