Analyst: BTC may reach $132,000 by the end of the year due to growing money supply

This article is machine translated
Show original

According to ChainCatcher, on April 2nd, the Trump administration announced the implementation of a comprehensive reciprocal tariff policy, hoping to reverse the $1.2 trillion trade deficit. This move caused the S&P 500 index to plummet 9.7% in two days, with market value evaporating by $5.4 trillion, creating the largest historical drop, surpassing the $3.3 trillion record during the March 2020 pandemic crash. The Nasdaq 100 technology stocks were decimated, with a single-day decline reaching a record since 2022. Bitcoin, meanwhile, only dropped 3.7%, maintaining its critical support level of $82,000.

Analysts are highly confident about Bitcoin's potential for growth in the remaining time of 2025. Jamie Coutts, Chief Crypto Analyst at Real Vision, stated that the continuously growing money supply could potentially push Bitcoin's price above $132,000 before the end of 2025.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments