M2 Increase Predicts BTC Rebound…$130,000 Possible In August~September

There is a prediction that Bitcoin will surpass an all-time high of 130,000 dollars in August to September, driven by the expansion of global liquidity. This is because the global broad money supply (M2) has reached an all-time high, and Bitcoin's potential to rise as a liquidity indicator is gaining more attention.

The CEO of Abra Global, Bill Barhydt, stated on May 31 via X, “Bitcoin may adjust to the level of 100,000 dollars in the short term, but surpassing 130,000 dollars is a matter of time,” and claimed that “Bitcoin benefits most sensitively from liquidity among all assets.” He particularly emphasized the high correlation between M2 and Bitcoin.

Market research firm CryptoRank analyzed that Bitcoin, after reaching an all-time high of 111,970 dollars on May 22, adjusted by about 8% and is trading at the 103,000-dollar level. However, the average return for May recorded 19%, and long-term investors are understood to maintain volumes despite price fluctuations.

Experts evaluated that Bitcoin tends to rise with a certain lag after the increase of M2, and currently, it is at the midpoint of that cycle. In fact, some states in the U.S. are legalizing BTC as a strategic reserve asset, accelerating its adoption within the system.

However, it is also pointed out that it may take some time for the institutional investment demand to expand in earnest, as major big-tech companies like Meta and Microsoft are still showing a cautious stance on cryptocurrencies.