M2 Money Supply
Total dollars in circulation (cash, deposits, money market funds).
M2: total USD in circulation. Rising = inflation, capital seeks store of value (crypto, stocks). Falling (QT) = liquidity drain, crypto suffers. US M2: $15.3T (2020) → $21.7T (2022 peak) → $20.7T (2023) → $21.5T (2025). BTC strongly correlates with global M2.
In plain words
Total dollars in circulation, cash, deposits, money market funds. Rising M2 (US printing) = capital looks for store of value, crypto and stocks pump. Falling M2 (tightening) = liquidity drains, crypto suffers. BTC correlation with global M2 is above 0.85.
Example
US M2: $15.3T (Feb 2020) → $21.7T (Apr 2022) = +42% in 2 years. BTC: $9k → $69k = 7.6x same time. BTC-Global M2 correlation: 0.85+ since 2020.
Also known as: M2, money supply, podaż pieniądza