VanEck CEO Jan Van Eck has reiterated a $180,000 price target for Bitcoin by the end of the current bull run, emphasizing its correlation with global M2 liquidity. According to VanEck's latest Bitcoin ChainCheck report, Bitcoin's price has shown a 0.5 correlation with global money supply trends since 2014. The report also highlights that Bitcoin now represents approximately 2% of the global money supply, with futures market dynamics, such as leverage and open interest, significantly influencing its price movements.
VanEck CEO Reaffirms $180K Bitcoin Target Linked to M2 Liquidity
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