Analysts: The world's new M2 money supply 11 trillion US dollars in the past two years, of which 10% has flowed into assets such as bitcoin
2024-11-29 22:54:41
Jamie Coutts, chief crypto analyst at Real Vision, said that the global M2 money supply has reached $11 trillion in the past two years, of which 10% has flowed into assets such as bitcoin. Since the global M2 bottomed at $94 trillion in the fourth quarter of 2022, it has increased to $105 trillion, and bitcoin's market value has increased fivefold, increasing by $1.50 trillion. Coutts forecasts that if M2 grows to $118 trillion this cycle, bitcoin will continue to benefit. He pointed out that bitcoin's growth far exceeds the Federal Reserve's balance sheet and the increase in real wages in the United States, and is becoming one of the economic solutions for individuals, businesses and countries.
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