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The record debt of USD 37 trillion in the U.S. and the growth of the M2 money supply set the stage for Bitcoin at $132,000.
The growing U.S. deficit could trigger an increase in the money supply through quantitative easing, which would place the maximum price of Bitcoin in 2025.
The federal debt of the United States has reached a record figure, fueling rumors that the increase in the deficit and the potential growth of the money supply could drive Bitcoin up to $132,000 by the end of the year.
"Thanks to the One Big Beautiful Bill Act, the debt has just officially surpassed the $37 trillion barrier," stated Representative Thomas Massie in a post on X.
The U.S. deficit has reached its latest record a month after President Donald Trump signed the One Bill Act on July 4, which he claimed would cut federal spending by up to $1.6 trillion.