Bitcoin price to 6X in 2026? M2 supply boom sparks COVID-19 comparisons
Cointelegraph
A potential 6x Bitcoin rally to $500,000 by 2026 is suggested if the current M2 money supply boom mirrors the expansion seen after the 2020 COVID-19 crisis.Summary
Analysis by Onramp Bitcoin co-founder Jesse Myers suggests that Bitcoin (BTC) could reach $500,000 by 2026 if the current surge in global M2 money supply growth mirrors the expansion following the March 2020 COVID-19 crash. Myers noted that global M2 supply has increased by 6.2% since March, similar to the lead-up to Bitcoin's 6x rally in late 2020/early 2021, although the current increase is less dramatic than the 21% seen then. Asset manager Lawrence Lepard supported this view, describing M2 growth as the "real rate of inflation" and predicting a "Bitcoin launch coming" as central banks continue to cut interest rates despite lingering inflation, dismissing the Federal Reserve's 2% target.
(Source：Cointelegraph)