US Money Supply Growth Signals Continued Bull Cycle for Bitcoin

The US M2 broad money supply continued its upward trend in August, reaching a new record high of $22.13 trillion. This surge is closely correlated with the growing price of Bitcoin, often seen as an alternative to traditional currency when facing inflation or economic uncertainty. Data shows the metric expanded by $1 trillion in the past year alone. While this growth has been gradual, it’s a trend that historically precedes Bitcoin rallies.