Ah, Amsterdam! City of canals, tulips, and now, whispers of Bitcoin fortunes! Michael van de Poppe, a crypto-seer (or so he claims 🧐), has unveiled a chart! A CHART, I say! He believes it foretells Bitcoin’s glorious ascent to a new, unprecedented peak within a mere three months! Oh, the audacity of numbers!
M2 supply rallying upward
Behold! The sacred scroll, courtesy of Julien Bittel, a Macro Research Head at Global Macro Investor (GMI). It speaks of an accelerating M2 supply – the very lifeblood of our monetary system! Cash and deposits, swirling together like a borscht of financial intrigue!
The chart, starting from the year of our Lord 2023, reveals a most curious dance between Bitcoin and M2. When M2 sulked in the depths, Bitcoin followed suit, plunging like a lovesick poet from a rooftop! But now, the stars align! If this ludicrous tandem persists, Poppe proclaims, Bitcoin shall reach Valhalla! A new all-time high within three months! Can you believe such a fairytale?!
Currently, the overall money supply has ballooned to a staggering $120 trillion, according to the chart. Enough to buy every babushka in Russia a fur coat! The analyst even dares to suggest that a Bitcoin skyrocket would mean the rise of the Chinese yuan against the U.S. dollar, a decline of the gold price, a fall in the U.S. dollar index and a rise of the altcoin market. Oh, the dominoes of destiny! 😲
A great chart, which shows the M2 Supply is rallying back upwards.
If the correlation remains, then I assume that we’ll see #Bitcoin rally to an ATH in this quarter.
This would also imply a rise in CNH/USD, a fall in Yields, a fall in Gold, a fall in DXY, and a rise in #…
— Michaël van de Poppe (@CryptoMichNL) April 15, 2025
Strategy scoops up more Bitcoin
And lo! Michael Saylor, a man seemingly obsessed with digital coins, has once again dipped his fingers into the Bitcoin honey pot! His company, Strategy (formerly MicroStrategy, because why not?), has acquired another 4,459 BTC! A sum that would make even the most seasoned miser blush! 💰
Strategy’s hoard now stands at a monstrous 531,644 BTC, valued at $45,500,432,753! While Bitcoin trades at a dizzying $85,584 per coin! One wonders if Saylor sleeps on a mattress stuffed with Bitcoin! 🤔
Strategy faces criticism from community
But alas, not all are singing paeans to Saylor! Vinny Lingham, an internet entrepreneur of some repute, has dared to critique the Bitcoin behemoth! He likens Strategy to the “Federal Reserve for Bitcoin”! A chilling thought! Is this the dawn of Bitcoin centralization? 😨
The comparison to the Federal Reserve suggests that if the majority of Bitcoin becomes concentrated in just the hands of a few corporate holders, Satoshi Nakamoto’s invention would become centralized like the U.S. dollar thanks to the Fed, which would be totally opposite to what Nakamoto had in mind. Oh, the irony! The very thing Bitcoin sought to escape, it may now become! A tragedy worthy of the great playwrights! 🎭
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2025-04-15 15:46