Summary
- It said the United States' M2 money supply reached $22.2 trillion, an all-time high.
- It reported that the expansion of the money supply is increasing investors' interest in inflation hedges.
- It emphasized that this could boost demand for Bitcoin (BTC).
The United States' M2 (broad money such as cash and deposits) money supply has reached an all-time high.
On the 24th (local time), Cointelegraph said on X (formerly Twitter), "U.S. M2 money supply recorded $22.2 trillion," saying "this is an all-time high."
The expansion of the money supply is known to influence an increase in demand for Bitcoin (BTC), an inflation hedge.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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