Bitcoin continues to track global M2 money supply trends, and analysts are forecasting a potential surge in its price to $90,000 by the end of 2024. The M2 money supply, which measures cash and short-term bank deposits, has been a key indicator of Bitcoin’s performance in past cycles.

As liquidity accelerates, Bitcoin is poised to benefit, with experts noting that the growing M2 supply historically correlates with major price movements for the cryptocurrency. This is particularly relevant as institutional investors are reportedly adding substantial amounts of Bitcoin to their portfolios, similar to the behavior seen before the 2020 rally​

Furthermore, analysts point out that Bitcoin’s metrics have reset following a year of market corrections, positioning the cryptocurrency for a potential breakout in the last quarter of 2024. With institutional investments and market trends aligning favorably, the possibility of Bitcoin reaching six figures by year-end appears more plausible​.

BitcoinVersus.tech is not a financial advisor. This media platform reports on financial subjects purely for informational purposes.