The post China’s Money Supply Hits Record High — Could It Send Bitcoin to $90K? appeared first on Coinpedia Fintech News
In the midst of Trump Chain tariff war, China’s money supply has just hit a record high of $326 trillion. This is the highest it has ever been, showing that more money is now circulating in China’s economy than ever before. Experts believe that this boast could impact Bitcoin price surging it to $90k.
China’s M2 Surges to $326 Trillion
Money M2 is a measure of a country’s total money supply. It includes cash, savings, and easily accessible deposits. When M2 rises, it usually means the government is pumping more liquidity into the system, which can make borrowing easier and spending or investing more active.
New data shows that China’s M2 money supply has reached an all-time high of $326 trillion. Experts say this kind of liquidity can boost riskier assets like Bitcoin, other cryptocurrencies, stocks, and real estate.
So, the more cash there is, the more chance people might buy crypto, which can push prices up.
Popular crypto analyst Kong Trading suggests that, “ China money printers are back on. Risk assets are about to go parabolic.”
In simple words, when there’s more money in the system, prices of riskier investments like crypto might start shooting up.
Bitcoin Could Hit $90K Soon
According to Brickken analyst Enmanuel Cardozo D’Armas, if China’s M2 money supply continues to grow, Bitcoin might soon test the $90,000 mark. As of now, Bitcoin is trading around $85,000, reflecting a rise of 0.5% in the last 24 hours.
Backing Enmanuel’s prediction, market expert and Chartered Market Technician (CMT) Aksel Kibar shared a similar view. He said that it’s very important for Bitcoin to stay above its year-long average price to keep its upward trend strong.
He also said that $90,000 is a big level to watch. If Bitcoin goes above it, the price could start moving toward the next big goal, $100k.
But Risks Still Remain
While the outlook seems promising, analysts warn there are still uncertainties. A possible interest rate cut in the U.S. during May or June could help push crypto higher.
But negative factors like stricter regulations or rising trade tensions could hold things back. Also, the end of Trump’s 90-day tariff pause will create massive volatility in the market.