Bitcoin Expectations to Surpass $170,000 Increase as Global Liquidity Expands

Bitcoin (BTC) could rise to $170,000 (approximately 236.3 million won) thanks to global liquidity expansion and US dollar weakness. As of July 2, the global broad money supply (M2) reached a record high of $55.48 trillion (approximately 77,072 trillion won). Looking at past cases, Bitcoin prices tend to accelerate their upward trend immediately after a surge in M2 liquidity. Market experts analyze that the current liquidity expansion could serve as an "ignition device" for a future Bitcoin price rally. Particularly, the weakness of the US dollar is supporting the Bitcoin bullish sentiment. The US Dollar Index (DXY) has fallen 10.8% during the first half of 2025, stimulating global investors' preference for risk assets, which is believed to be promoting capital inflows into cryptocurrencies like Bitcoin. Fundamental liquidity increase and currency value decline have traditionally created a favorable environment for digital assets with guaranteed scarcity like Bitcoin. The precedent of Bitcoin reaching an all-time high during the 2020 COVID-19 pandemic alongside M2 surge supports this interpretation. If the same pattern repeats, there is growing anticipation that Bitcoin could reach $170,000 (approximately 236.3 million won) in the short term after breaking through major resistance levels.