Jordan Kerridge: Global M2 supply surge impacts Bitcoin
@MartiniGuyYT: M2 supply and Bitcoin
The Global M2 money supply is experiencing significant growth, increasing at 8.77% year-over-year, the fastest pace since Q4 2021.
Jordan Kerridge highlights this development, suggesting a direct impact on the value of cryptocurrencies, particularly Bitcoin. The expansion in money supply, often a result of increased currency circulation by governments and central banks, tends to lead to inflationary pressures. In such scenarios, digital assets like Bitcoin are perceived by some investors as a hedge against inflation.
Crypto market analysts observe that as the central banks continue to expand the money supply, more investors may turn to Bitcoin, potentially driving its value higher. This trend aligns with Kerridge's forecast that increased money printing could push Bitcoin prices upward.
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The current acceleration in money supply not only reinforces the narrative of digital assets as inflation hedges, but also invites comparisons to strategic moves in global markets, such as India's consideration of a potential Bitcoin reserve. Additionally, heightened investor activity amid monetary expansion resonates with recent patterns seen in the wake of significant Ethereum acquisitions by major market participants, underscoring the evolving interplay between macroeconomic policy and cryptocurrency adoption.
In the previous news, tweet author Daan de Rover discussed company acquisitions.
