Analyst: Expanding Money Supply Could Push Bitcoin Above $132,000 by Year-End

According to a report by Jinse Finance, the U.S. federal debt has reached a record $37 trillion. Rising deficits and the potential growth in money supply could support Bitcoin prices climbing to $132,000 by the end of the year. Analysts note that the ever-expanding deficit may eventually prompt a shift toward more accommodative monetary policies, including quantitative easing. Quantitative easing refers to central banks purchasing large amounts of bonds to inject liquidity into the financial system. Bitcoin advocates believe that the increasing money supply and mounting concerns over inflation may lead to a renewed appreciation of Bitcoin’s monetary scarcity, potentially driving the world’s first cryptocurrency to new all-time highs. Jamie Coutts, Chief Crypto Analyst at Real Vision, estimates that, based on its correlation with BTC, the growing money supply could push Bitcoin’s price above $132,000 by the end of 2025.