Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.
The growing global money supply and a potential decline in the United States dollar could fuel a Bitcoin bull rally in 2025, as analysts expect to see an over six-figure valuation.
Bitcoin (BTC) was just $200 or 0.2% short from crossing the $100,000 all-time high on Nov. 22 before experiencing an over 7% correction — which could see Bitcoin retrace up to 30%, according to some analysts.
However, the growing global money supply and a potential price reversal in the US Dollar Index (DXY) will set up Bitcoin’s 2025 rally, according to Jamie Coutts, chief crypto analyst at Real Vision, who wrote in a Nov. 27 X post:
