Analyst: M2 money supply growth may push Bitcoin to $132,000 by the end of the year
2025-04-21 11:32:20
Odaily News Jamie Coutts, chief cryptocurrency analyst at Real Vision, said the growing money supply could push the price of Bitcoin above $132,000 by the end of the year. The price of Bitcoin briefly broke through $87,700 for the first time in nearly three weeks since U.S. President Trump announced reciprocal import tariffs on April 2. André Dragosch, head of European research at Bitwise, said: It looks like Bitcoin is rising due to continued weakness in the U.S. dollar, and the U.S. dollar index has just hit its lowest level since March 2022. Ryan Lee, chief analyst at Bitget Research, pointed out to Cointelegraph that a weaker dollar could enhance Bitcoin's appeal as a safe-haven asset. (Cointelegraph)
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