BITCOIN & GLOBAL LIQUIDITY
2017: A swell in global M2 sends Bitcoin up 20×.
2020 – 2021: The Fed opens the floodgates; BTC peaks at $69 K.
2023 – 2025: World M2 reaches $107 T and Bitcoin smashes a new ATH of $112 K.
More liquidity → investors chase risk → Bitcoin rallies.
Across the last decade, Bitcoin’s correlation with global liquidity sits at 0.94—tighter than with gold or stocks.
Liquidity effects lag roughly 8–10 weeks. With M2 climbing now, Q3 could get very interesting. Bookmark it.
