Market Braces for a New Bitcoin All-time High as Global M2 Reaches Record High

Market analysts expect Bitcoin to rally toward a new all-time high amid the recent spike in global M2 money supply to a record peak. Notably, Bitcoin is trading at $115,308, reflecting a 2.2% decline over the past 24 hours and a 4.3% drop for the week. Despite this downturn, global M2 liquidity, a broad measure of the global money supply, hit a new all-time high. As a result, analysts predict Bitcoin could also reach a new all-time high similar to global M2 liquidity. Global Liquidity Rises, Bitcoin Rise Could Follow  The global M2 supply includes cash, checking accounts, and savings deposits across economies. For context, it serves as a broad measure of worldwide liquidity and monetary expansion.  The chart accompanying the analysis compares Bitcoin’s price and global M2 from 2012 through mid-2025. The chart reveals a strong historical pattern: Bitcoin rises when M2 expands and falls during contractions involving the M2 supply.

Global Macro Investor Raoul Pal's founder had earlier noted the correlation between global liquidity and Bitcoin's price. He said rising global liquidity drives up to 90% of Bitcoin’s price.  Notably, major bull runs in 2013, 2017, and 2021 occurred shortly after notable increases in global M2. The same pattern appears to be repeating in 2024–2025. Current Weakness May Be Temporary For instance, after the COVID-19 pandemic in 2020, global M2 surged, and Bitcoin rallied above $60,000, reaching the then-new all-time high above $64,000. In 2022 and 2023, as central banks tightened liquidity, Bitcoin experienced a significant correction.  On July 23, 2025, M2 climbed again to a new all-time high of $95,209 trillion, and Bitcoin’s recent price action has shown signs of following that trend, although with some delay. This alignment suggests investors treat the asset as a hedge or beneficiary of loose monetary conditions. The latest upward move began in late 2023, as global M2 rebounded following a post-pandemic slowdown. Bitcoin responded by climbing sharply throughout early 2024 and remains elevated despite occasional price fluctuations. While Bitcoin's recent decline may reflect short-term profit-taking, the broader liquidity trend remains supportive. The analysis suggests that Bitcoin could potentially surpass previous highs, above $123,000, which was recorded last week as global M2 reaches a new all-time high. Experts Expect Bitcoin to Trade Above $200K Meanwhile, several industry leaders have made bold predictions about Bitcoin’s price trajectory this year. Robert Kiyosaki, author of Rich Dad, Poor Dad, forecasted that Bitcoin could trade between $180,000 and $200,000 in 2025. HC Wainwright, a New York-based investment firm, projected a year-end target of $225,000, citing Bitcoin’s historical cyclical trends.  Similarly, Tom Lee of Fundstrat predicted Bitcoin could reach $250,000, attributing the potential surge to macroeconomic changes such as expected interest rate cuts by the Federal Reserve. Looking ahead, Michael Saylor, executive chairman of MicroStrategy, set a long-term price target of $13 million by 2045.