Metaplanet, a major Bitcoin holder currently owning approximately 17,132 BTC valued at around $1.95 billion, has announced plans to raise up to ¥555 billion (approximately $3.7 billion) through a stock offering to acquire more Bitcoin over the next two years. VanEck, managing $133 billion in assets, publicly described Bitcoin as "digital gold" during a live Bloomberg broadcast. Fundstrat's Tom Lee projected that Bitcoin could "easily" reach $500,000 and surpass gold in value, calling this forecast conservative. Michael Saylor stated on CNBC that companies worldwide would benefit more from holding Bitcoin than traditional assets like USD, gold, or real estate. Meanwhile, global M2 money supply is rising sharply, with the US M2 money supply hitting a record $21.02 trillion in June, up 4.5% year-over-year. Fox Business highlighted this surge, suggesting that Bitcoin is poised for a rally. Binance founder Changpeng Zhao also commented that nations might print "unlimited money" to buy Bitcoin, reinforcing expectations of increased demand for the cryptocurrency from sovereign bonds and credit markets.
BINANCE FOUNDER CZ SAYS NATIONS WILL PRINT “UNLIMITED MONEY” TO BUY #BITCOIN 👀 IT’S COMING!!! https://t.co/p8dzx7mcRS
⚠️US money supply is rising: US M2 money supply jumped 4.5% year-over-year in June, to a record $21.02 TRILLION. In May, M2 has officially surpassed the 2022 all-time high. For perspective, the 2000-2025 annual growth rate has been 6.3%.👇 https://t.co/h9SjnOY5Tt
FOX BUSINESS JUST AIRED THAT GLOBAL M2 IS SURGING, BITCOIN LIKELY NEXT TO RUN. https://t.co/BybOUGyJbZ https://t.co/ARHnY15Rl7