Analysts: The continuously rising Money Supply could push Bitcoin above $132,000 by the end of the year.

Golden Finance reports that the U.S. federal debt has reached a record $37 trillion, with the continuously rising deficit and potential increase in Money Supply possibly supporting Bitcoin prices to rise to $132,000 by the end of the year. Analysts state that the expanding deficit could ultimately prompt a more accommodative monetary policy, including quantitative easing. Quantitative easing refers to central banks in various countries purchasing bonds on a large scale to inject Liquidity into the financial system. Bitcoin supporters believe that the increasing Money Supply and escalating inflation concerns may lead people to reassess the monetary scarcity of Bitcoin, thereby pushing the world’s first cryptocurrency to an all-time high. Real Vision’s chief crypto analyst Jamie Coutts estimates that, based on the correlation with BTC, the growing Money Supply could push Bitcoin’s price above $132,000 by the end of 2025.