US M2 money supply hits record $23.34T, but that doesn't guarantee Bitcoin upside
- —M2 rose $124.9B in August to a record $23.34 trillion
- —Year-over-year M2 is up roughly $1.25 trillion, accelerating from 2% growth in August 2024
- —The Fed raised its target rate to 3.75%-4% on September 16
- —Bank reserves at the Fed fell from $3.05 trillion in July to $2.94 trillion
Why it matters: Rising M2 has historically supported Bitcoin, but higher rates may pull capital into yield-bearing assets, making the flow of liquidity key for BTC.
Source: DiarioBitcoin