Bitcoin Price to 6X in 2026? M2 Supply Boom Sparks COVID-19 Comparisons

Why It Matters

If correct, the outlook would boost demand for crypto assets and pressure institutional allocations toward Bitcoin, but it also raises risks of overreliance on liquidity-driven price dynamics and potential losses if the correlation breaks or macro conditions shift.

Summary

Analysts are warning that a renewed surge in M2 money supply could rekindle the 2020-style Bitcoin rally, with some price models projecting as much as a 6x upside by 2026 if the historical BTC–M2 correlation holds. The argument rests on a marked expansion in broad money similar to the COVID-era stimulus that preceded Bitcoin’s last major bull run, prompting chartists to draw parallels in timing and magnitude. If correct, the outlook would boost demand for crypto assets and pressure institutional allocations toward Bitcoin, but it also raises risks of overreliance on liquidity-driven price dynamics and potential losses if the correlation breaks or macro conditions shift.