Bitcoin on the Brink of All-Time High as Macro Tailwinds Gather Strength
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Bitcoin BTC looks poised to climb to an all-time high this July, propelled by converging macroeconomic and market forces that are driving investors into riskier assets. U.S. equity indexes are already setting records, with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average all sitting at highs, reflecting widespread investor confidence. As traditional markets soar, capital often spills into alternative assets, and BTC is a prime beneficiary. At around $109,000, the largest cryptocurrency is trading less than 3% below the peak it set in May. One factor is the U.S. M2 money supply, which has climbed to a record $21.9 trillion and has touched highs each month over the past year. This surge in liquidity means potentially more money flowing into financial assets and a hunt for investments that can preserve purchasing power as government debt balloons. According to Ray Dalio , the billionaire founder of hedge fund Bridgewater Associates, President Donald Trump’s newly passed “Big Beautiful Bill” locks in roughly $7 trillion in annual spending against only $5 trillion in revenue. That will push debt levels from 100% of GDP toward 130% over the next decade. “Unless this path is soon rectified to bring the budget deficit from roughly 7% of GDP to about 3% by making adjustments to spending, taxes, and interest rates, big, painful disruptions will likely occur,” he wrote in a post on X. Historically, July has been a strong month for bitcoin, averaging gains around 7%, adding a seasonal tailwind. All signs point to the digital asset breaking new records in the coming months.

Source: CoinDesk