Record $37T US debt and M2 money growth set stage for $132K Bitcoin

Key Points

1. US federal debt has surged from $26.7 trillion in 2020 to over $37 trillion, a 38% increase in five years.

2. Bitcoin's price rose over 925% during the same period, with analysts noting a direct correlation between its growth and US debt.

3. Quantitative easing and M2 money supply growth are cited as key factors that could drive Bitcoin to $132,000 by 2025.

4. Elon Musk criticized the spending bill, warning it would increase the deficit to $2.5 trillion.

5. BitMEX co-founder Arthur Hayes predicted Bitcoin could reach $250,000 if the Federal Reserve pivots to quantitative easing due to inflationary pressures.