Bitcoin's Potential Surge Linked to Rising M2 Money Supply

According to BlockBeats, Forbes reports that Matt Mena, a cryptocurrency research strategist at 21Shares, has highlighted a potential trend where the rising M2 money supply could lead to increased liquidity flowing into Bitcoin and other digital assets. Historically, Bitcoin prices have been closely aligned with 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 like money market funds. Anthony "Pomp" Pompliano, a cryptocurrency influencer set to lead a new Bitcoin acquisition company, expressed in an email that if Bitcoin continues to follow the growth of the money supply, its price could reach $150,000 per coin by the end of the year. source: https://www.binance.com/en/square/post/26402119541018?utm_source=BinanceNewsRSS