{"id":52611,"date":"2025-09-25T14:07:52","date_gmt":"2025-09-25T14:07:52","guid":{"rendered":"https:\/\/thecryptocurrencypost.net\/es\/?p=52611"},"modified":"2026-05-30T09:33:14","modified_gmt":"2026-05-30T07:33:14","slug":"bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal","status":"publish","type":"post","link":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/","title":{"rendered":"Bitcoin se desacopla de la M2 global mientras el Tesoro de EE. UU. reduce la liquidez"},"content":{"rendered":"<p><strong>Desde julio de 2025 el precio de <a href=\"https:\/\/thecryptocurrencypost.net\/es\/noticias-criptomonedas\/noticias-bitcoin\/\">Bitcoin<\/a> dej\u00f3 de moverse al un\u00edsono con la oferta monetaria global M2<\/strong>. <strong>Raoul Pal atribuye el desacople al refill de la Treasury General Account (TGA) financiado con unos 500.000 millones de d\u00f3lares en bonos del Tesoro<\/strong>, operaci\u00f3n que habr\u00eda drenado liquidez e interrumpido el impulso del mercado. <strong>El bono a 10 a\u00f1os de EE. UU. cerr\u00f3 en 4,16% el 25 de septiembre de 2025<\/strong>, nivel que analistas presentan como parte del ajuste.<\/p>\n<p><!--more--><\/p>\n<p><strong>Seg\u00fan <a href=\"https:\/\/x.com\/HodlMaryland\/status\/1971005205459370446\" target=\"_blank\" rel=\"noopener noreferrer\">Raoul Pal<\/a>, CEO de Real Vision, la emisi\u00f3n masiva de deuda para llevar la TGA hacia los ~800.000 millones de d\u00f3lares provoc\u00f3 un \u201csqueeze\u201d temporal de fondos<\/strong>, rompiendo la sincron\u00eda entre Bitcoin y la expansi\u00f3n de M2, que sigue creciendo. <strong>Al colocar bonos para llenar la TGA, el Tesoro redujo el capital disponible para activos de riesgo y cripto<\/strong>, conteniendo la suba de <a href=\"https:\/\/x.com\/HodlMaryland\/status\/1971005205459370446\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> y afectando a fondos institucionales, gestores de criptoactivos y mercados de riesgo.<\/p>\n<p><strong>Mientras tanto, acciones de tecnolog\u00eda y oro continuaron subiendo<\/strong>, lo que sugiere que el drenaje de liquidez no impact\u00f3 por igual a todos los activos. TGA (Treasury General Account) es la cuenta que el Gobierno mantiene en la Reserva Federal para manejar flujos fiscales y pagos. <strong>Pal espera que, una vez que el refill de la TGA termine a finales de 2025, regrese la correlaci\u00f3n con M2 y se reactive el impulso de Bitcoin<\/strong>.<\/p>\n<h2>\u00bfQu\u00e9 dicen los expertos sobre el desacople?<\/h2>\n<p><strong>El diagn\u00f3stico no es un\u00e1nime<\/strong>: el analista \u201cTomas\u201d advierte que un TGA lleno puede fortalecer al d\u00f3lar y mantener la escasez de liquidez, presionando a la baja a Bitcoin. <strong>TXMC cuestiona el uso de la M2 global<\/strong> por diferencias en la frecuencia de datos entre pa\u00edses. <strong>Arthur Hayes sostiene que, si la TGA se estabiliza y la pol\u00edtica monetaria se relaja, la suba de Bitcoin podr\u00eda reanudarse<\/strong>.<\/p>\n<p><strong>El pr\u00f3ximo hito es la finalizaci\u00f3n esperada del refill de la TGA a finales de 2025<\/strong>; su resoluci\u00f3n determinar\u00e1 si la liquidez retorna y si la relaci\u00f3n entre Bitcoin y la M2 global se normaliza, con implicaciones directas para la liquidez, el posicionamiento de carteras y la trazabilidad regulatoria.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Desde julio de 2025 el precio de Bitcoin dej\u00f3 de moverse al un\u00edsono con la oferta monetaria global M2. Raoul Pal atribuye el desacople al refill de la Treasury General Account (TGA) financiado con unos 500.000 millones de d\u00f3lares en bonos del Tesoro, operaci\u00f3n que habr\u00eda drenado liquidez e interrumpido el impulso del mercado. El [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":52610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,259,65],"tags":[124,1085,188,285,1084],"class_list":["post-52611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editors-picks","category-mercado","category-noticias-bitcoin","tag-bitcoin","tag-m2","tag-mercado","tag-regulacion-2","tag-tga"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin se desacopla de la M2 global mientras el Tesoro de EE. UU. reduce la liquidez The CryptoCurrency Post ESP<\/title>\n<meta name=\"description\" content=\"Desde julio de 2025 el precio de Bitcoin dej\u00f3 de moverse al un\u00edsono con la oferta monetaria global M2\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin se desacopla de la M2 global mientras el Tesoro de EE. UU. reduce la liquidez The CryptoCurrency Post ESP\" \/>\n<meta property=\"og:description\" content=\"Desde julio de 2025 el precio de Bitcoin dej\u00f3 de moverse al un\u00edsono con la oferta monetaria global M2\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/\" \/>\n<meta property=\"og:site_name\" content=\"The CryptoCurrency Post ESP\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-25T14:07:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-30T07:33:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-m2-tesoro-eeuu-header.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1072\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Logan Pierce\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Logan Pierce\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutos\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin se desacopla de la M2 global mientras el Tesoro de EE. UU. reduce la liquidez The CryptoCurrency Post ESP","description":"Desde julio de 2025 el precio de Bitcoin dej\u00f3 de moverse al un\u00edsono con la oferta monetaria global M2","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/","og_locale":"es_ES","og_type":"article","og_title":"Bitcoin se desacopla de la M2 global mientras el Tesoro de EE. UU. reduce la liquidez The CryptoCurrency Post ESP","og_description":"Desde julio de 2025 el precio de Bitcoin dej\u00f3 de moverse al un\u00edsono con la oferta monetaria global M2","og_url":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/","og_site_name":"The CryptoCurrency Post ESP","article_published_time":"2025-09-25T14:07:52+00:00","article_modified_time":"2026-05-30T07:33:14+00:00","og_image":[{"width":1920,"height":1072,"url":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-m2-tesoro-eeuu-header.png","type":"image\/png"}],"author":"Logan Pierce","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"Logan Pierce","Tiempo de lectura":"2 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/#article","isPartOf":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/"},"author":{"name":"Logan Pierce","@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/person\/8ea721bf16fb5237979cfae697156c7e"},"headline":"Bitcoin se desacopla de la M2 global mientras el Tesoro de EE. UU. reduce la liquidez","datePublished":"2025-09-25T14:07:52+00:00","dateModified":"2026-05-30T07:33:14+00:00","mainEntityOfPage":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/"},"wordCount":382,"publisher":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#organization"},"image":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/#primaryimage"},"thumbnailUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-m2-tesoro-eeuu-header.png","keywords":["Bitcoin","M2","Mercado cripto","Regulacion","TGA"],"articleSection":["Editor's Picks","Mercado","Noticias Bitcoin"],"inLanguage":"es"},{"@type":"WebPage","@id":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/","url":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/","name":"Bitcoin se desacopla de la M2 global mientras el Tesoro de EE. UU. reduce la liquidez The CryptoCurrency Post ESP","isPartOf":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/#primaryimage"},"image":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/#primaryimage"},"thumbnailUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-m2-tesoro-eeuu-header.png","datePublished":"2025-09-25T14:07:52+00:00","dateModified":"2026-05-30T07:33:14+00:00","description":"Desde julio de 2025 el precio de Bitcoin dej\u00f3 de moverse al un\u00edsono con la oferta monetaria global M2","breadcrumb":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/#primaryimage","url":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-m2-tesoro-eeuu-header.png","contentUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-m2-tesoro-eeuu-header.png","width":1920,"height":1072,"caption":"Bitcoin en el centro de una redacci\u00f3n futurista, con gr\u00e1ficos brillantes de la oferta monetaria M2 y bonos del Tesoro de EE. UU."},{"@type":"BreadcrumbList","@id":"https:\/\/thecryptocurrencypost.net\/es\/bitcoin-se-desacopla-de-la-m2-global-tras-el-refill-de-la-tga-segun-raoul-pal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Noticias Criptomonedas","item":"https:\/\/thecryptocurrencypost.net\/es\/"},{"@type":"ListItem","position":2,"name":"Bitcoin se desacopla de la M2 global mientras el Tesoro de EE. UU. reduce la liquidez"}]},{"@type":"WebSite","@id":"https:\/\/thecryptocurrencypost.net\/es\/#website","url":"https:\/\/thecryptocurrencypost.net\/es\/","name":"The CryptoCurrency Post ESP","description":"Crypto News","publisher":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thecryptocurrencypost.net\/es\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Organization","@id":"https:\/\/thecryptocurrencypost.net\/es\/#organization","name":"The CryptoCurrency Post ESP","url":"https:\/\/thecryptocurrencypost.net\/es\/","logo":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/logo\/image\/","url":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2026\/05\/TCP-favicon-dev.png","contentUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2026\/05\/TCP-favicon-dev.png","width":280,"height":280,"caption":"The CryptoCurrency Post ESP"},"image":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/person\/8ea721bf16fb5237979cfae697156c7e","name":"Logan Pierce","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/secure.gravatar.com\/avatar\/5ab2e9d00b2f2bfbb16839de2266dc9a7a9e7a11b55eaae309d55cc61d25b4b2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/5ab2e9d00b2f2bfbb16839de2266dc9a7a9e7a11b55eaae309d55cc61d25b4b2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5ab2e9d00b2f2bfbb16839de2266dc9a7a9e7a11b55eaae309d55cc61d25b4b2?s=96&d=mm&r=g","caption":"Logan Pierce"},"description":"Logan focuses on global cryptocurrency regulation, compliance, and policy developments. His reporting examines how legislative decisions influence market structure, institutional adoption, and the rights of industry participants. When relevant, he also analyzes how regulatory frameworks specifically affect Layer 1 networks and digital asset volatility.","url":"https:\/\/thecryptocurrencypost.net\/es\/author\/logan\/"}]}},"_links":{"self":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts\/52611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/comments?post=52611"}],"version-history":[{"count":1,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts\/52611\/revisions"}],"predecessor-version":[{"id":66024,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts\/52611\/revisions\/66024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/media\/52610"}],"wp:attachment":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/media?parent=52611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/categories?post=52611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/tags?post=52611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}