Crypto analyst and trader Michael van de Poppe predicts a Bitcoin price surge to new all-time highs within the next quarter. He points to a strong correlation between Bitcoin’s movement and the M2 supply, which measures total money in circulation, particularly after observing an uptrend in both these metrics this year. The chart shows that earlier this year, when M2 bottomed out, so did Bitcoin prices. However, since 2023, there seems to be a continuous correlation between the two, suggesting a potential surge in Bitcoin price if M2 continues its upward trajectory. Van de Poppe believes a rise in M2 could precede a Bitcoin rally, and that this trend may contribute to a significant increase in the Bitcoin price over the next three months. He also suggests this pattern could signify broader market shifts, such as a stronger Chinese yuan against the US dollar, a decrease in gold prices, and a drop in the U.S. Dollar Index, along with potential gains for altcoins. Michael van de Poppe further shares a chart illustrating the increasing M2 supply alongside Bitcoin’s performance, suggesting a strong correlation. If the trend continues, he predicts that we will see Bitcoin reach a new all-time high within this quarter. His predictions coincide with recent news from Strategy company CEO Michael Saylor who made another significant Bitcoin acquisition. This brings his total holdings to a staggering 531,644 BTC, valued at $45,500,432,753. However, Saylor’s strategy has drawn criticism as Vinny Lingham, internet entrepreneur and critic of the move, questions whether it will lead to Bitcoin becoming centralized like the U.S. dollar thanks to the Fed. He raises concerns about the potential for a concentration of BTC holdings in specific hands, potentially affecting Bitcoin’s decentralized nature as envisioned by its founder Satoshi Nakamoto. The article highlights these developments alongside Van de Poppe’s analysis and comments from Saylor’s company Strategy.