PANews reported on November 30 that according to Dailyhodl, Jamie Coutts, chief cryptocurrency analyst at Real Vision, said that in the past two years, about $1.1 trillion of the global money supply has been invested in Bitcoin (BTC) and other assets. After the M2 money supply (a measure of cash and checking account balances plus savings deposits and money market mutual funds combined) bottomed out at $94 trillion in the fourth quarter of 2022 and then soared to $105 trillion, the king of cryptocurrencies began to flourish, with Bitcoin's market value increasing fivefold, an increase of $1.5 trillion. Coutt predicts that by the end of 2026, global M2 will be about $118 trillion, which could help drive BTC's growth.
Analysis: In the past two years, about $1.1 trillion of new money has flowed into Bitcoin and other assets worldwide
- 2024-11-30
Ethereum spot ETF had a net inflow of US$333 million yesterday, reaching a record high
- 2024-11-30
Bitcoin spot ETF had a net inflow of US$320 million yesterday, and the ETF net asset ratio reached 5.47%
- 2024-11-30
Binance executives: Community feedback is important for listing coins, but it is not an absolute factor
- 2024-11-30
ETH breaks through $3,700, up 2.50% on the day
- 2024-11-30
Data: More than 339 BTC flowed from Gemini to VanEck about 6 hours ago
- 2024-11-30
Ethereum TVL increased by 9.23% in 7 days, reaching about 70.15 billion US dollars