Analyst: The world has added US$11 trillion in M2 money supply in the past two years, 10% of which flowed into assets such as Bitcoin
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2024-11-30 07:02:01 375
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Golden Finance reported that Jamie Coutts, chief crypto analyst at Real Vision, said that the world’s new M2 money supply reached US$11 trillion in the past two years, 10% of which flowed into assets such as Bitcoin. Since global M2 bottomed out at US$94 trillion in the fourth quarter of 2022, it has increased to US$105 trillion, and the market value of Bitcoin has increased five times, an increase of US$1.5 trillion. Coutts predicts that if M2 grows to $118 trillion during this cycle, Bitcoin will continue to benefit. He pointed out that Bitcoin’s growth far exceeds the growth of the Federal Reserve’s balance sheet and U.S. real wages, and is becoming one of the economic solutions for individuals, businesses and countries.