"In the past two years, M2 money supply increased by 11 trillion...10% flowed into Bitcoin"
Doohyun Hwang
- In the past two years, 10% of the M2 money supply flowed into Bitcoin.
- "M2 bottomed out at 94 trillion in the fourth quarter of last year and then rose to 105 trillion."
- The market capitalization of Bitcoin increased fivefold during this period.
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In the past two years, the M2 (financial products issued by financial institutions, cash transactions, settlement savings, and savings with a maturity of less than two years) money supply increased by 11 trillion, of which 10% flowed into Bitcoin (BTC).
Jamie Coutts, a real estate asset analyst, stated on the 28th (local time) through X that "M2 bottomed out at 94 trillion in the fourth quarter of last year and then rose to 105 trillion. During this period, Bitcoin's market capitalization increased fivefold," indicating that 10% of the increased M2 flowed into Bitcoin.
He added, "Bitcoin is one of the few assets that can help individuals, companies, and countries." Meanwhile, on this day, Bitcoin is trading at 96,900 dollars, up 1.6% based on the Tether (USDT) market.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀PiCK News
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