Bitcoin Price Surges 2.7% as M2 Money Supply Boosts Market

Bitcoin is currently experiencing a period of consolidation near the $107,000 mark, with analysts predicting a significant breakout that could potentially reach $150,000. This optimistic outlook is driven by the recent surge in the U.S. M2 money supply, which has seen a 2.7% increase. According to the analyst's forecast, this surge is expected to boost the price of Bitcoin, potentially reaching $150,000 by the end of the year. The current bullish trend in the market has analysts optimistic that Bitcoin could potentially reach $110,000 by the end of the month. This positive outlook is further supported by the significant institutional demand for Bitcoin, which has been a driving force behind its recent price movements.

The correlation between Bitcoin and the U.S. M2 money supply is a key factor in the analyst's forecast. Historically, the price of Bitcoin has closely tracked the M2 money supply, which is the Fed's estimate of liquid assets, including cash, deposits in checking accounts, savings accounts, and other short-term savings instruments. As the M2 money supply begins to rise again, historical data suggests that some liquidity will flow into Bitcoin and other digital assets. This trend is expected to continue, with the recent increase in the money supply driving the price of Bitcoin higher in the coming months.

Cryptocurrency influencer Anthony "Pomp" Pompliano, 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 $150,000 by the end of the year." This forecast is based on the continued increase in the money supply, which is expected to support the price of Bitcoin in the long term. The analyst's forecast for Bitcoin to reach $135,000 by July 2025 is also based on this correlation, with the continued increase in the money supply expected to support the price of Bitcoin in the long term.

The recent surge in the U.S. M2 money supply has been a significant factor in the recent price movements of Bitcoin. The significant institutional demand for Bitcoin is also expected to support the price of Bitcoin in the coming months, with analysts predicting that the price of Bitcoin could potentially reach $110,000 by the end of the month. The current bullish trend in the market is expected to continue, with analysts predicting that Bitcoin could potentially reach $150,000 by the end of the year. The correlation between Bitcoin and the U.S. M2 money supply is a key factor in the analyst's forecast, with the recent increase in the money supply expected to drive the price of Bitcoin higher in the coming months.