Obviously if you're looking for a daily correlation you're not going to find it, but the m2 defines both Bitcoin bottoms and peaks, simply because Bitcoin is a proxy for global liquidity which penalizes money printing.
Discussion
Marty Bent says this M2 chart means $220k bitcoin in June
There has not been an expansion of the m2 to reach these values, you can see it in the graph itself.
But we also do not know if this expansion will occur, maybe it will, maybe not, but rather when it will occur, since it is a human decision.
Well said.
It doesn’t define the tops and bottoms. The chart clearly shows m2 “bottoms” (even briefly going negative) while bitcoin climbs.
There’s just more to it than that.
Yes, it often “rhymes”, but that doesn’t mean it has to or that the underlying causation even matters.
For everyone’s reading, a quick google provides some rationale:
“While the visual data and updated results provide a robust narrative for Bitcoin traders and enthusiasts, the findings are tempered by methodological transparency, statistical robustness, and the inherent complexity of cryptocurrency price dynamics.”
Rational people are gonna need a bit more than narrative.
Hey, I hope I’m wrong and we see $250k+ bitcoin in the next 3 months or so! That will drive adoption like never before. But I’m not gonna mortgage the farm and bet on it.
M2 tracks Bitcoin’s highs and lows because it’s the ultimate hedge against fiat inflation. Global liquidity swings drive BTC’s cycles—money printing gets punished, and Bitcoin thrives. No daily noise needed, just the big picture.