Analyst: M2 money supply growth may push Bitcoin to $132,000 by the end of the year

Odaily News: Real Vision's chief cryptocurrency analyst Jamie Coutts stated that the continuously growing money supply might push Bitcoin's price above $132,000 by the end of the year. Bitcoin briefly surpassed $87,700 for the first time in nearly three weeks since U.S. President Trump announced reciprocal import tariffs on April 2nd. Bitwise's European Research Head André Dragosch said that Bitcoin appears to be rising due to the ongoing weakness of the U.S. dollar, which recently touched its lowest level since March 2022. Bitget Research's chief analyst Ryan Lee told Cointelegraph that the weakening dollar could enhance Bitcoin's attractiveness as a hedge asset. (Cointelegraph)