- Michael Saylor sees Bitcoin hitting $180K before a pullback to $140K as volatility continues.
- Global M2 money supply is surging, historically signaling long-term gains for Bitcoin’s price.
- Senator Lummis projects Bitcoin’s market cap could grow to $200 trillion in the long term.
Bitcoin remains in the spotlight as industry figures make bold predictions about its future. Strategy Executive Chairman Michael Saylor has projected that Bitcoin could climb to $180,000. However, he cautioned that a steep correction back to $140,000 might follow.
In an interview with CNBC, Saylor shared these views. He highlighted the outstanding concept of Bitcoin in the context of global finance. Bitcoin trades at any time of the day, unlike traditional markets, which causes increased volatility.
“Bitcoin is not broken,” Saylor said. “It trades 24/7, which naturally brings more ups and downs.” He compared Bitcoin’s growth to that of other disruptive technologies, such as electricity and the automobile. According to him, Bitcoin’s power lies in its ability to challenge and reshape the financial system.
Saylor further clarified that ETFs, institutional necessity, and integration in international markets can push the price to $180,000. He also reminded that the short-term price shocks must not divert attention from the long-term trend of Bitcoin.
Global M2 Liquidity Backs Bitcoin’s Rally
Meanwhile, M2 money supply is rising sharply around the world. According to analysts, global M2 is now approaching all-time highs. M2 includes cash, checking balances, and near-money assets. The rising liquidity often translates into upward pressure on Bitcoin prices.
This metric has historically correlated with Bitcoin’s long-term price growth. When liquidity expands, assets like Bitcoin often benefit. Vivek, a news reporter, warned that Bitcoin is on the verge of another parabolic run. He shared charts showing the link between M2 growth and Bitcoin bull cycles.
This comes amid renewed interest from both institutional and retail investors. Capital is flowing into Bitcoin-related products at an increasing pace. ETF flows in the U.S. have remained steady over the past several weeks.
Senator Lummis Predicts $9.5 Million Bitcoin
Senator Cynthia Lummis made headlines with her latest Bitcoin forecast. In a July interview with CoinDesk, she stated that Bitcoin could one day reach a $200 trillion market capitalization. This would translate to roughly $9.5 million per coin.
She explained that she prefers saving in Bitcoin rather than the U.S. dollar. Lummis has long been a supporter of the cryptocurrency sector. Her prediction highlights the growing interest among lawmakers in Bitcoin’s future.
This aligns with broader market trends. Investors are seeking alternatives to traditional assets. Bitcoin continues to gain traction as a hedge against inflation and currency debasement.
Related: Bitcoin Surges as Global M2 Liquidity Soars to Record Levels
Market Update
Bitcoin reached a new ATH of $123,091 before pulling back. At the time of writing, Bitcoin is trading at $117,860. The price surged over 10% in seven days, driven by strong ETF inflows and growing institutional activity. Volume has been strong during recent price moves. This indicates confidence in the rally. Bitcoin continues to benefit from positive sentiment and expanding liquidity.
The rally comes along with important pro-crypto momentum in the U.S. Congress, including the GENIUS Act. Meanwhile, corporate interest in Bitcoin remains high. Over 265 entities now hold Bitcoin in their treasuries, and this number has doubled since 2024.
Analysts expect volatility to increase as prices rise. Saylor noted that a drop to $140,000 after hitting $180,000 could cause panic. However, he emphasized that these corrections are part of Bitcoin’s nature.
In summary, the trend of Bitcoin remains bullish. Analysts and market leaders are projecting further gains, accompanied by sharp corrections. Bitcoin may already be entering its next wave of growth as liquidity increases and global interest continues to expand.
