Analysts: Since the beginning of May, Bitcoin has been decoupled from the global M2 money supply
2025-09-26 05:20:22
Joe Consorti, head of growth at Theya, wrote on the X platform that since the beginning of May, Bitcoin has not tracked the global M2 money supply with a lag of about 70 days. Gold has followed the change in global M2 with a near 1:1 sensitivity, which is an example of the change in inter-asset correlations against the backdrop of long-term global dollar weakness and heightened geopolitical risks. Gold is a high-volatility safe-haven asset (highbetarisk-off), and BTC is a high-volatility risk-appetite asset (highbetarisk-on).
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