Analyst: The continuously growing money supply may push Bitcoin above $132000 by the end of the year

According to Golden Finance, the US federal debt has reached a record high of $37 trillion, and the rising deficit and potential increase in money supply may support Bitcoin prices to rise to $132000 by the end of the year. Analysts say that the continuously expanding deficit may ultimately lead to looser monetary policy, including quantitative easing. Quantitative easing refers to the large-scale purchase of bonds by central banks of various countries to inject liquidity into the financial system. Bitcoin supporters believe that the growing money supply and increasing inflation concerns may lead to a renewed awareness of Bitcoin's currency scarcity, pushing the world's first cryptocurrency to a historic high. Jamie Coutts, Chief Crypto Analyst at Real Vision, estimates that the growing money supply, based on its correlation with BTC, may push the price of Bitcoin above $132000 by the end of 2025.