Global M2 expansion marches ahead of BTC rally, will liquidity boost crypto again?
The pace of global M2 expansion surpasses even the recently bullish BTC trend. The global broad money supply marched ahead since January, not waiting for crypto to catch up.
The global M2 money supply accelerated its expansion since January. In the year to date, global liquidity marched ahead, far surpassing even the strong crypto bull market. Global M2 money supply surpassed $114T, while US broad money is at an all-time peak of $22.19T at the end of August.
In past bull cycles, the M2 expansion was one of the factors behind BTC bull rallies, especially after BTC gained more mainstream interest. This…
