Another M2 Record, BTC to Follow?

Global money supply (M2) has hit another all-time high. Remember when I wrote about it last time? I pointed out that Bitcoin’s price chart tends to follow M2 with about a 10-week delay. Back then I said that if the pattern held, July could bring a new Bitcoin all-time high.

And that’s exactly what happened! In July, we did see Bitcoin set a fresh record.

Of course, the relentless expansion of money supply is not a good thing. Fiat currencies are looking more and more like a giant bubble that simply can’t inflate forever. Honestly, the pace of this growth looks terrifying.

But for Bitcoin - and for those who profit from its rise - it’s very good news. If history repeats itself, the next all-time high might be coming around mid-November.

And you don’t have to wait - swap any fiat-pegged stablecoins for Bitcoin at the best rates right now on rabbit.io.