No 1M before 2028-2030 I would say, mathematically speaking. (Halvings)

To cover USD M2 price will need to be around 1M. At 3M we talking close to world GDP.

Of course, if they keep printing…

But USD and EUR have shrank their M2 slightly recently, the same cannot be said of China.

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Discussion

Never say never. 1m could be possible when they start the presses on overdrive again. Asia is still printing like a mad man and I don't see them stopping anytime soon. Nonetheless I stick to the bearish target as it seems the most realistic one currently.