Bitcoin has begun to diverge from the global M2 money supply growth since mid-2025, a trend that has intensified in early 2026. Historically, Bitcoin's correlation with M2 growth has supported bullish forecasts, but analysts are now split on the implications of this decoupling. Fidelity Digital Assets remains optimistic, suggesting that the end of the Federal Reserve's quantitative tightening and a rise in M2 growth could benefit Bitcoin prices in 2026. Analyst MartyParty predicts a price rebound aligning with M2 growth, while Mister Crypto warns that such decoupling often precedes a prolonged bear market. Additionally, Capriole Investments' founder highlights concerns over quantum computing risks to Bitcoin's encryption. Despite differing views, Bitcoin continues to be seen as a long-term store of value by investors.