Bitcoin at $1M forecast gains ground as money supply heads for $200 trillion

  • The ratio of global M2 money supply to Bitcoin in circulation has reached a record level.
  • Only 21 million BTC exist, boosting scarcity appeal.
  • The psychological framing of Bitcoin reaching $500,000—or even $1 million—is now gaining traction in both retail and institutional circles.

As the world’s money supply expands at an unprecedented pace, a growing number of market participants believe Bitcoin could eventually hit $1 million per coin.

The belief isn’t based on speculation alone—it stems from hard numbers.

Central banks are printing more money, governments are spending at record levels, and the global M2 money supply is expected to double from $100 trillion to $200 trillion by 2035.

With Bitcoin’s supply capped at 21 million, this massive influx of liquidity could create a potent supply-demand imbalance.

Money supply surge boosts BTC case

Bitcoin maximalists and macro-focused analysts now frequently cite monetary debasement as a key reason to hold the pioneer cryptocurrency.

Fred Krueger, a longtime Bitcoin advocate and investor, posted on X that “it will take 1 trillion USD moving into Bitcoin to get to 1 million.”

He argued that with the global money supply rising rapidly, “zero chance we don’t get there.”

The scale of monetary expansion is central to this view. Over the last 12 months, global liquidity has surged at one of the fastest rates on record.

Central banks across the US, UK, Europe, and Asia have continued accommodative policies, with large fiscal deficits becoming the norm.

These conditions, according to market observers, reduce the purchasing power of fiat currencies and push investors to explore alternatives.

River, a Bitcoin-focused financial services firm, highlighted that those who held BTC from July 2024 onwards have outperformed against money debasement tenfold.

This reinforces the narrative of Bitcoin as a hedge against currency dilution and economic instability.

M2 liquidity per BTC hits record

The ratio of global M2 money supply to Bitcoin in circulation has reached a record level.

According to decentralised finance investor Christiaan, there is currently about $5.7 million in global M2 liquidity per single Bitcoin.

This is the highest ratio in over a decade and is used to illustrate how limited Bitcoin’s supply is compared to the volume of fiat money in the global financial system.

This ratio, sometimes referred to as the liquidity-to-scarcity index, suggests that even modest capital inflows into Bitcoin—whether from institutional investors or sovereign wealth funds—could drive prices sharply higher.

Given the fixed 21 million coin limit, with many lost or illiquid, the supply-demand mechanics remain a central argument in favour of long-term price appreciation.

Retail push and historical trend

Retail investors are also being targeted with simplified messaging. Davinci Jeremie, a popular Bitcoin influencer, posted a video on social media urging viewers to invest just $1 into Bitcoin.

His message, “spend a dollar to change your future,” reflects a broader campaign among Bitcoin supporters to increase grassroots participation.

The psychological framing of Bitcoin reaching $500,000—or even $1 million—is now gaining traction in both retail and institutional circles.

As inflation fears persist, and as tech stocks become increasingly correlated with macro trends, many see Bitcoin as a standalone asset with unique supply properties.

While Bitcoin remains volatile in the short term, these macroeconomic dynamics are positioning it as a long-duration hedge.

The rising M2 supply and systemic debt loads across developed nations continue to lend weight to the idea that digital scarcity may offer long-term protection.

Historical data also supports the current optimism. Over the past decade, Bitcoin has consistently outpaced fiat currency performance during periods of rapid money printing and inflationary risk.

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Altcoins today: Solana and Monero at key price levels amid market cooldown

  • SOL reclaims $200 for the first time since February today.
  • XMR targets further gains after rebounding from a vital support barrier at $313.
  • Crypto market cools after recent rallies, but bullish structures remain intact.

Digital coins displayed mixed performances on Tuesday amid bull exhaustion and profit-taking after the latest remarkable rallies.

Ethereum has corrected from yesterday’s peak of $3,854 to $3,640 at press time, while Bitcoin remained range-bound at $118,000.

However, Solana and Monero stole the spotlight among large-cap tokens with notable price movements on their charts.

SOL hit multi-month highs today after soaring past the vital $200, whereas XMR exhibits a bullish outlook after bouncing back from a reliable support zone at $313.

Solana leads today’s rally

SOL emerged as the best-performing token among the top ten cryptocurrencies by value.

The alt has rallied from last week’s low of $158 to an intraday high of $204 today, exploring regions not touched since early February 2025.

With network maturity and demand fueling SOL’s comeback, the digital asset seems set for extended rallies in the near term.

Its total value locked has increased to February levels above $11 billion, while institutions add momentum through Solana strategic reserves and ETF applications.

SOL eyes more uptrends following the latest breakout, with technical indicators setting $300 as the key target.

That would translate to about a 50% surge from its current market price.

Nevertheless, the $190 – $200 range remains vital for SOL’s short-term trajectory.

Intensified profit-booking in this region could delay the projected short-term rally.

Enthusiasts should watch for potential dips to $189 before a decisive closing above $200.

However, prevailing sentiments suggest fewer obstacles in Solana’s upward path.

Monero holds a key support zone

The top privacy token seems prepared for the next leg up despite its weakening momentum.

XMR’s current price of $325 places it well above the crucial support of $313.

This foothold is reinforced by multiple technical indicators, including POC (point of control) and 0.618 FIB retracement.

That makes $313 a vital reversal region. Monero’s bullish structure remains intact if buyers hold this zone.

That could clear the path to the target at $344.

Overcoming this resistance could trigger significant surges if broad market conditions remain favourable.

Crypto market overview

The cryptocurrency space has taken a breather after the latest surges.

The largest assets, Bitcoin and Ethereum, have seen slight dips in the past 24 hours.

However, the market demonstrates stability, indicating a consolidation phase and not a correction one.

Michael van de Poppe highlighted that Bitcoin has collected liquidity with its recent price actions.

However, it remains in a constricted range, awaiting “the actual volatility” that could catalyse sharp gains.

The analyst also warned about possible violent corrections for altcoins as Ethereum isn’t grabbing much liquidity with its ongoing retracement.

Meanwhile, corrections in cryptocurrencies aren’t uncommon, especially after substantial rallies.

Most assets exhibit bullish patterns, hinting at continued rallies.

Institutional interest in Ethereum remains steady as markets brace for altcoin season.

Thus, market players may brace for substantial breakouts after the prevailing cooldown.

Analysts advise traders and investors to explore dip-buying opportunities if the short-term declines intensify.

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Bitcoin ETF outflows hit $131 million as Ethereum funds add $297 million

  • Bitcoin ETFs saw $131 million in outflows, ending a 12-day inflow streak.
  • Ethereum ETFs gained $297 million, driven by staking yield and regulatory momentum.
  • Portfolio rotation signals growing institutional preference for Ethereum over Bitcoin.

Bitcoin spot exchange-traded funds (ETFs) saw net outflows of $131.35 million on 21 July, marking the end of a 12-day inflow streak and highlighting a shift in investor appetite.

On the same day, Ethereum ETFs attracted $296.59 million in net inflows, extending their own 12-day run and underscoring a broader rebalancing trend in crypto portfolios.

This divergence in flows between the two largest cryptocurrencies comes amid growing institutional interest in Ethereum products, bolstered by evolving regulation and staking-related yield opportunities.

Meanwhile, Bitcoin’s recent price consolidation has prompted profit-taking and portfolio adjustments by funds nearing quarter-end reporting cycles.

Bitcoin ETF holdings fall as inflow streak halts

Following robust gains earlier this month, Bitcoin ETFs began to experience investor outflows for the first time since early July.

Data from SoSoValue showed a net outflow of $131.35 million on 21 July, ending a sustained period of $6.6 billion in cumulative net inflows.

Despite strong trading activity—$4.1 billion in daily volume—major ETFs like BlackRock’s IBIT and Fidelity’s FBTC either posted flat flows or registered minor losses.

IBIT, the largest in the segment with a net asset value (NAV) of $86.16 billion, recorded no new net inflows.

Ark Invest’s ARKB and Grayscale’s GBTC were more impacted, seeing outflows of $77.46 million and $36.75 million, respectively.

The combined assets across all US Bitcoin spot ETFs now stand at $151.6 billion, which accounts for 6.52% of Bitcoin’s total market capitalisation.

The recent downturn suggests that some institutions may be rebalancing holdings or diversifying into other crypto assets.

Ethereum ETF net assets rise to $19.6 billion

In contrast to Bitcoin, Ethereum ETFs recorded their twelfth consecutive day of net inflows on 21 July, led by heavy activity in newly launched and established funds alike.

BlackRock’s ETHA pulled in $101.98 million, while Fidelity’s FETH attracted $126.93 million.

FETH’s NAV has now reached $2.08 billion, while ETHA has posted more than $8.16 billion in total cumulative inflows.

Grayscale’s Ethereum funds saw mixed results.

While one recorded a small outflow, the other posted an inflow of $54.90 million. VanEck and Franklin Templeton also reported new capital entering their Ethereum-based products.

Combined, all Ethereum ETFs now manage $19.6 billion in net assets, representing 4.32% of Ethereum’s total market cap.

Daily trading volumes across ETH ETFs stood at $3.21 billion.

Staked Ether and pending legislation boost ETH demand

Several market analysts attribute Ethereum’s continued inflow momentum to the inclusion of staked Ether in ETF offerings, a feature not available in Bitcoin products.

This allows investors to earn yield while gaining exposure to price action, a model that appears to be resonating with institutional asset managers.

Momentum surrounding the GENIUS and CLARITY Acts in the US Congress has helped bolster Ethereum’s regulatory narrative.

The proposed laws, which are advancing toward a final vote, could enable traditional financial institutions to integrate Ethereum-backed products more easily, supporting their inclusion in diversified portfolios.

The combination of staking yield, regulatory clarity, and consistent inflows has shifted market sentiment in favour of Ethereum—at least in the short term.

The widening gap in ETF flows also reflects a growing divergence in how investors view the strategic role of each asset.

Portfolio rotation points to broader crypto strategy shift

The difference in ETF flows may signal the start of a new allocation trend within institutional crypto investment.

With Bitcoin ETFs showing signs of saturation after their recent rally, and Ethereum ETFs offering yield through staking, portfolio managers appear to be rotating capital based on utility, structure, and evolving regulation.

This shift comes at a time when both asset classes remain under close watch from US regulators and global financial markets.

While short-term fluctuations are common, the data from 21 July suggest that Ethereum is becoming more than just a secondary crypto asset—it is emerging as a standalone category within institutional investment strategies.

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JUP price surges as Jupiter allocates $150M USDC to JLP Loans

  • Jupiter price was up by nearly double digits in 24 hours as it reached $0.67.
  • Gains came as Jupiter allocated $150 million USDC to its lending offering.
  • “JLP Loans bring a new and innovative approach to DeFi lending, unlocking a new use case for JLP,” the DEX protocol said as it unveiled the lending feature.

Jupiter (JUP) price has jumped by 9% in the past 24 hours, with trading volume nearly tripling as it jumped 258% to over $322 million.

JUP’s price swung around $0.64 at the time of writing, up 33% in the past week and just off the intraday highs of $0.67.

But with Jupiter Exchange, Solana’s top decentralised exchange aggregator, experiencing significant growth, is the native JUP token poised to break through to the key level of $1?

Jupiter adds $150 million USDC to JLP Loans

On July 22, the Jupiter team revealed that it had acted on community demand by allocating $150 million in USDC reserves to support the Jupiter Liquidity Provider feature.

The funds go to JLP Loans, allowing users to deposit their JLP tokens as collateral to borrow USDC.

Increased interest amid overall market exuberance has helped JUP’s price higher.

 

“Most protocols rely on forced liquidations through market selling. Once the threshold is crossed, your collateral is sold on the market, creating volatility and affecting everyone involved. But because JLP is backed by a pool of assets rather than a single token, and the protocol itself holds these underlying assets, liquidations don’t require external selling,” the DEX noted.

Market participants have responded positively to Jupiter’s strategic positioning within the lending sector.

With trading, liquidity provision, and lending integrated, the project is positioned as a critical player in the ecosystem.

This has seen the total value locked on Jupiter surge to hit $3 billion. TVL stood at around $2.1 billion on June 22, 2025.

JUP price forecast: Bulls target key level

The Jupiter token has bounced nicely since hitting lows of $0.30 in April 2025.

According to CoinMarketCap, the rebound reflects a 110% uptick at current price levels, despite bulls remaining well off the peak of $2.04 seen in January 2024.

However, technical indicators suggest a strong bullish sentiment surrounds the  JUP token – largely as most altcoins post gains.

In this case, a break above $0.70 could allow buyers to target $0.85 and then the psychological barrier at $1.

Jupiter’s latest bullish flip is down to key positive metrics such as strong Q2 results and new product launches.

This includes unveiling of Jupiter Lend and overall optimism across DeFi.

Notably, Jupiter has seen $142 billion in transaction volume, $82.4 million in fees, and over 8 million active wallets.

Market dynamics that have Ethereum eyeing $4k, Solana targeting a fresh breakout to $300 and XRP poised near its ATH also align bullish for JUP.

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SOL targets $300 after breakout above $200; check forecast

Key takeaways

  • Solana is the best performer among the top 10 cryptocurrencies by market cap, up 7% in the last 24 hours.
  • The coin could rally towards $300 soon after breaking out above $200.

SOL leads market charge

The cryptocurrency market rallied over the weekend but has underperformed over the last 24 hours. BTC and ETH are down by less than 1% respectively, while XRP has also stagnated after hitting the $3.6 high a few days ago.

Solana’s SOL has now taken over and has outperformed the broader crypto market in the last 24 hours. The coin added over 7% to its value to hit the $204 mark for the first time since February.

At press time, SOL is trading at $200 per coin and could rally higher amid bullish momentum. 

SOL targets a new all-time high of $300

The SOL/USD 4-hour chart is bullish but inefficient, indicating that Solana could dip lower before resuming its rally. Its technical indicators suggest that SOL is currently overbought, and this could see the coin face a correction. 

The RSI of 38 shows that the pair has a strong buying momentum, while the MACD lines are within the positive territory, indicating a bullish bias. The breakout above $200 is a strong bullish indicator, suggesting that SOL may be preparing for a sustained move higher.

SOL/USD 4H Chart

SOL’s ongoing rally also saw it climb above the 20-week Exponential Moving Average (EMA), reinforcing the bullish structure. This crossover above a long-term moving average could be the beginning of a new upward trend in price.

If the bullish momentum is sustained, SOL could challenge and break above the $224 resistance over the next few hours or days. However, it must hold the support level around $170 for the breakout to hold and extend. An extended rally would allow SOL to test the $243 resistance level before attempting to take out the all-time high price of $294. 

However, if the market faces a correction, SOL would need to defend the $170 resistance level to avoid a drop below $150.

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