Bitcoin (BTC) is increasingly mirroring gold’s historic price performance and the trajectory of the global M2 money supply, prompting crypto analysts to forecast a potential major rally for the world’s leading cryptocurrency.
Bitcoin Following Gold, M2 Money Supply
In an X post shared earlier today, crypto analyst Jelle shared the following chart that reveals a recurring pattern – gold tends to lead Bitcoin, which subsequently “catches up” in price action. This relationship underscores the growing perception of BTC as digital gold.
Historically, Bitcoin’s price movements have aligned with those of gold, driven by similar macroeconomic dynamics such as inflation, expansive monetary policy, and investor demand for scarce assets. As gold continues to rally amid rising global liquidity and