Price forecasts for Bitcoin (BTC) are becoming increasingly optimistic following news of President Donald Trump's potential signing of a bill known as the "Big Beautiful Law."
Impact of Trump's Bill on Bitcoin
Market participants expect a BTC price increase following Trump's signing of the massive bill. Historical events have shown that Bitcoin responds positively to signals of rising government borrowing.
Correlation Between US Debt and Bitcoin Price
According to analyses, US national debt may rise to $40 trillion by 2025, which analysts believe could drive Bitcoin prices higher. There are bold predictions suggesting that BTC/USD might exceed $150,000, similar to a previous 38% increase seen at the end of 2020.
Global M2 Money Supply and Bitcoin
Global M2 money supply has reached a record of over $55.4 trillion, serving as another driving factor for Bitcoin's price rise. The correlation between BTC's price and M2 in past periods suggests that an increase in money supply may lead to higher cryptocurrency prices.
Recent forecasts indicate that Bitcoin's future may be tied to economic shifts and increases in US national debt. Investors and analysts continue to monitor market developments.
