Crypto Influencers Forecast Bitcoin Surge Amid Expert Skepticism

Recent discussions among macro-influencers suggest that an increase in the global M2 money supply could lead to a significant rally in Bitcoin. Raoul Pal, co-founder of Real Vision, indicated this potential with charts comparing Bitcoin and global M2 metrics, claiming it is time for a price surge.

Key points include:

Some analysts predict Bitcoin could reach new highs soon, asserting a correlation with global M2 trends.
TXMC criticized the reliability of these claims, arguing that the data used is misleading due to the infrequency of updates from major economies.
He emphasized that the U.S. M2 is below its 2022 peak and growing at the slowest rate since Bitcoin's inception, excluding specific periods.
Concerns were raised about using outdated data to project future trends, labeling the analysis as overfitted and unsound.
Colin Talks Crypto countered TXMC's arguments, stating that some countries, like China and Japan, provide more frequent M2 updates.
TXMC rebutted this by claiming daily figures are merely projections based on older data, not reliable real-time statistics.

As of now, Bitcoin is trading at $84,750.