Analyst: The rise of M2 will drive up the price of Bitcoin, which may reach $150000 by the end of the year

BlockBeats news, on July 2nd, according to Forbes, Matt Mena, a cryptocurrency research strategist at 21Shares, stated: "As the M2 money supply begins to rise again, historical data suggests that some liquidity will flow into Bitcoin and other digital assets. Historically, the price of Bitcoin has been tracking 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 the price of each Bitcoin reach $150000 by the end of the year