Analysts: A higher M2 will push the price of Bitcoin up, which may rise to US$150,000 by the end of the year "
According to Forbes, 21Shares cryptocurrency research strategist Matt Mena said: As the M2 money supply begins to rise again, historical data suggests that some liquidity will flow into Bitcoin and other digital assets. Historically, bitcoin prices have tracked the M2 money supply, which is the Federal Reserve's estimate of liquid assets, including cash, deposits in checking accounts, savings accounts, and other short-term savings instruments such as money market funds. Anthony Pomp Pompliano, a cryptocurrency influencer who is about to lead a new Bitcoin acquisition company, wrote in an email: If Bitcoin continues to follow the growth of the money supply, we may see each bitcoin reaching $150,000 before the end of the year.
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