macro

Global Money Supply Hits $103 Trillion Record, So Why Isn't Bitcoin Following? - Yahoo Finance

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DW NOTE

Global M2 is up 23% since 2020. Gold is down 19% from its January peak. Bitcoin has underperformed both. The usual narrative says monetary expansion drives hard assets higher — but that only works when liquidity reaches risk markets. Right now it's trapped in short-term bills and money funds while the Fed tightens into a supply shock. The money exists, it's just not moving.

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Global Money Supply Hits $103 Trillion Record, So Why Isn't Bitcoin Following? - Yahoo Finance

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