Winklevoss: ₱1.37 quadrillion ($22.7 trillion) Fiat Expansion Is 'Bitcoin Ad'

Gemini co-founder Tyler Winklevoss called the U.S. M2 money supply reaching a record ₱1.37 quadrillion ($22.7 trillion) a massive advertising budget for Bitcoin, pointing to the core tension between unlimited fiat printing and Bitcoin's fixed supply.

Fidelity Investments Director of Global Macro Jurrien Timmer published a chart mapping M2 against gold and Bitcoin, showing different correlation patterns. Timmer said there's a linear correlation between M2 and gold, but a power curve between M2 and Bitcoin — different players on the same team. The chart suggests Bitcoin acts as a highly sensitive liquidity sponge, with price movements tracking almost exactly with global fiat liquidity flows.

The Winklevoss twins funded their initial crypto investments with ₱662.2 million ($11 million) from their Facebook settlement with Mark Zuckerberg, purchasing 100,000 BTC in 2013 when prices peaked at $1,000. Tyler has repeatedly stated Bitcoin is not even a tenth of what it will eventually be worth, predicting a ₱60.2 million ($1 million) price target and calling it the greatest innovation of the past century. Cameron Winklevoss has been equally bullish, publicly stating he believes Bitcoin will become the world's reserve currency.

The twins founded Gemini in 2016 and have maintained that Bitcoin functions as "gold 2.0," remaining undervalued until it matches gold's market cap, with their argument reinforced by the Federal Reserve's latest M2 expansion showing fiat currency dilution versus Bitcoin's fixed supply of 21 million coins.