๐บ๐ธ Update: The M2 Money Supply in the United States records a new all-time high of $21.94 trillion! ๐ฐ
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๐ข What's new?
โ The M2 money supply in the United States has reached a new all-time high, recording $21.94 trillion.
โ This represents an increase of 0.36% from last month and 4.50% from last year.
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๐ก Why is this important?
โ The increase in the M2 money supply indicates rising liquidity in the economy, which may affect asset prices.
โ Historically, M2 growth has been associated with bullish cycles for Bitcoin, as investors tend to seek hedge assets against inflation amidst increased money printing.
โ While it may be viewed as a sign of economic growth, it also raises concerns about potential inflationary pressures.
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๐ Forecast:
โ Continued growth in M2 could enhance the appeal of high-risk assets such as cryptocurrencies.
โ It may increase challenges for the Federal Reserve in managing inflation and setting interest rates.
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โ Do you think this rise in the money supply will spark a new surge in digital asset prices?
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