The Fed quietly printed $62.3 billion, yet Bitcoin is still stuck at $60,000
In May, the U.S. M2 money supply surged to $23.05 trillion, first breaking the $23 trillion mark and hitting a record high.
From January to now—just 4 months—M2 has expanded by $62.3 billion, with a year-over-year growth rate of 5.6%, the fastest pace since July 2022.
If we follow the usual script, with more money available, Bitcoin should rise—but in reality, since January
Bitcoin’s peak has fallen 44%.
Why? Two reasons.
First, part of the rise in M2 is due to a “return to normal” after the epic contraction of 2022–2023—not all of it is outright “flooding.”
Second, the money that was printed didn’t flow into crypto. In June, net ETF outflows hit a record high, showing institutions are pulling back—not rushing in.
But the market is already arguing about this—The Mises Institute points to the Fed “quietly restarting QE.” If that’s true, Bitcoin’s logic as a hedge against currency debasement will eventually come back into play.
In short: yes, money is being printed—but it hasn’t reached crypto yet. Only when capital starts moving out of U.S. Treasuries and blue-chip stocks will Bitcoin become the next pool to be filled.
An M2 new high by itself isn’t a positive. An M2 new high plus a shift of funds—that’s the real signal.
Is the Fed really quietly easing, or is it just patching the hole it created earlier? Don’t rush to write the market’s script until that question is answered.
Click my profile to follow me. I’ll break down market hotspots, fund flows, and institutional moves with you every day—so you can understand the true logic behind the news.
#美国m2货币供应量创纪录23.05万亿美元
In May, the U.S. M2 money supply surged to $23.05 trillion, first breaking the $23 trillion mark and hitting a record high.
From January to now—just 4 months—M2 has expanded by $62.3 billion, with a year-over-year growth rate of 5.6%, the fastest pace since July 2022.
If we follow the usual script, with more money available, Bitcoin should rise—but in reality, since January
Bitcoin’s peak has fallen 44%.
Why? Two reasons.
First, part of the rise in M2 is due to a “return to normal” after the epic contraction of 2022–2023—not all of it is outright “flooding.”
Second, the money that was printed didn’t flow into crypto. In June, net ETF outflows hit a record high, showing institutions are pulling back—not rushing in.
But the market is already arguing about this—The Mises Institute points to the Fed “quietly restarting QE.” If that’s true, Bitcoin’s logic as a hedge against currency debasement will eventually come back into play.
In short: yes, money is being printed—but it hasn’t reached crypto yet. Only when capital starts moving out of U.S. Treasuries and blue-chip stocks will Bitcoin become the next pool to be filled.
An M2 new high by itself isn’t a positive. An M2 new high plus a shift of funds—that’s the real signal.
Is the Fed really quietly easing, or is it just patching the hole it created earlier? Don’t rush to write the market’s script until that question is answered.
Click my profile to follow me. I’ll break down market hotspots, fund flows, and institutional moves with you every day—so you can understand the true logic behind the news.
#美国m2货币供应量创纪录23.05万亿美元