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Strategy and Metaplanet back Bitcoin’s fixed supply despite price weakness

Metaplanet’s CEO cited global M2 topping $100 trillion, arguing BTC’s 21 million coin cap should prevail even as BTC has nearly halved to about $63,500.

Reported · Written up by our desk · Market Structure

Bitcoin was trading in a narrow band around $63,636 as two of the cryptocurrency’s largest corporate backers, Strategy executive chairman Michael Saylor and Metaplanet CEO Simon Gerovich, reiterated their view that BTC’s maximum issuance of 21 million coins is the core reason to hold, regardless of week to week price moves, according to CoinDesk’s “Daybook” newsletter.

Gerovich pointed to global M2 reaching an all time high of more than $100 trillion as a long term tailwind, while saying that bitcoin’s supply schedule does not change. He also argued that when money supply expands indefinitely, investors hold an asset that cannot be created in unlimited quantities.

CoinDesk notes that BTC has decoupled from broader liquidity expansion over the past year, with the token nearly halving to roughly $63,500 even as M2 swelled. The newsletter frames the divergence as consistent with past market cycles where bitcoin’s price temporarily detached from macro liquidity growth.

Saylor expanded the argument by saying that understanding bitcoin requires understanding money itself, describing money as stored economic energy and bitcoin as a digital form of that energy whose supply cannot be expanded arbitrarily. CoinDesk added that Strategy holds 840,447 BTC worth $53 billion, while Tokyo listed Metaplanet holds 43,000 BTC worth about $2.7 billion, citing Bitcoin Treasuries data. Fidelity’s Jurrier Timmer also said he expects BTC to catch up with money supply if gold builds momentum again, based on a regression he cited between global M2 and gold.

Latest closeGold $4,432.00 ▲1.6%|Bitcoin $63,624.36 ▲1.3%

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