Bitcoin’s Growing Correlation With Global M2 Liquidity Supports $180K Target, Says VanEck CEO

VanEck CEO Jan Van Eck has issued a bullish projection, stating that Bitcoin’s growing correlation with global M2 liquidity could propel it to $180K before the end of the bull ￰0￱ the latest VanEck Mid-October 2025 Bitcoin ChainCheck report , the asset manager revealed that Bitcoin’s price has long moved with the ebb and flow of global money ￰1￱ 2014, Bitcoin has exhibited roughly a 0.5 correlation (r² = 0.25) with total global M2 growth, meaning changes in fiat currency liquidity have explained a meaningful portion of its long-term returns. “While this relationship tends to weaken during short-lived shocks, such as COVID in 2020, the 2024 election, or the ‘Tariff Tantrum’ of 2025, broader trends in monetary expansion continue to dominate Bitcoin’s cycles,” VanEck ￰2￱ 700x Gains Since 2013 Boosted By $100T Global Liquidity Rise VanEck Investment Analyst Nathan Frankovitz observed that since 2013, global liquidity across the top five currencies has roughly doubled from $50 trillion to nearly $100 trillion, during which Bitcoin’s price has increased over 700x.), which solidifies Bitcoin’s growing role as a neutral reserve asset amid synchronized currency ￰3￱ Bitcoin comprising approximately 2% of the global money supply, VanEck believes owning less than 2% of Bitcoin or other digital assets implicitly expresses a short position in the asset class. #Bitcoin has reached 2% of all global money.

It’s happening ￰4￱ — Bitcoin Magazine (@BitcoinMagazine) August 22, 2025 For these reasons, VanEck has reaffirmed its $180,000 year-end Bitcoin price target despite recent market ￰5￱ believes the futures market plays a major role in whether Bitcoin can reach the ambitious $180K ￰6￱ October 2020, nearly 73% of Bitcoin’s price variance has been explained by changes in futures open interest (t = 71). As of early October 2025, futures leverage sat near its 95th percentile, with cash collateral backing Bitcoin futures at record highs (~$145B). Open interest peaked at $52B on October 6th before falling to $39B on October 10th following an 8-hour, 20% BTC drawdown.