What’s the Deal with Bitcoin and the M2 Money Supply?

Alright, folks, let’s dive into this hot mess of a relationship between Bitcoin and the M2 Global Money Supply. If you’ve ever glanced at charts and thought, “Hey, these two look like they’re BFFs!” you’re not alone. They’ve been like peanut butter and jelly over the years—until recently, that is.

The Analyst with the Hot Take

So, one brave soul in the crypto jungle, known as KillaXBT, decided to throw caution to the wind and claim that everyone’s totally misreading the whole M2 versus Bitcoin saga. This analyst whipped out a chart that compares the M2 performance to Bitcoin, but instead of just focusing on the latest drama, they looked at the last three bull and bear market cycles. And guess what? They argue that these two have been swirling around each other like dance partners at the prom!

Is it Time to Rethink Everything?

KillaXBT is waving a red flag, suggesting that the analysts tracking these two are, well, a bit off the mark. According to him, the differences people have noticed lately? Not as dramatic as they seem. In fact, he claims it’s just a classic case of misunderstanding! Who would’ve thought?

Bitcoin’s Roller Coaster Ride

Now, let’s talk about Bitcoin’s current downward spiral. KillaXBT explains this drop is kind of like nostalgia for the past when M2 hit its peaks. Spoiler alert: every time M2 climbs to the top, Bitcoin seems to take a nosedive right after. It’s like a bad breakup that keeps happening!

Woah, Wait a Second!

Here’s where things get a bit spicy: KillaXBT claims that the usual sequence we’ve all been following is, uh, wrong! Instead of the M2 topping first, he says Bitcoin hits its peak first, hangs out for a bit, and then, when M2 finally tops, Bitcoin says, “Goodbye, cruel world” and enters a prolonged downtrend. Yikes!

What This Means for Bitcoin

According to our daring analyst, since the M2 hasn’t actually topped yet, it’s still marching onward and upward. If he’s right, then grab your popcorn because the Bitcoin decline party is just getting started!

What Should Investors Do?

With cycles repeating like your favorite sitcom, KillaXBT warns us that it’s pretty unlikely the two will decouple this time around. Strap in, crypto enthusiasts! The ride is about to get bumpy, and you might want to keep an eye on when M2 finally reaches that tipping point.