U.S. M2 Money Supply Hits Record High of Over $22 Trillion, Bitcoin Could Reach $180,000 This Year, Experts Analyze

On September 1, BloomingBit reported that the U.S. M2 money supply (currency supply including cash and deposits) reached a historic high of $22.12 trillion. The firm analyzed that the increase in M2 could boost the desire to purchase Bitcoin as a hedge against rising prices. Major media outlets have confirmed that the U.S. M2 money supply has reached $22.12 trillion, marking it as the highest value ever recorded.

The expansion of the money supply is known to affect the demand for Bitcoin (BTC) as an inflation hedge. Investment firm Tephra Digital LLC stated in their X post that the correlation between Bitcoin's M2 and gold...