Analyst: Rising M2 Will Drive Bitcoin Prices Higher, Could Reach $150,000 by Year-End
According to a report by Jinse Finance, Forbes cited 21Shares cryptocurrency research strategist Matt Mena as saying: As the M2 money supply begins to rise again, historical data suggests that some of this liquidity will flow into Bitcoin and other digital assets. Historically, the price of Bitcoin has closely 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 could see the price of each Bitcoin reach $150,000 by the end of the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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