Today, the global M2 money supply tracked by Bitcoin Is Data (https://bitcoinisdata.com/m2/) — which consists of the top 5 world central banks plus Brazil—was updated to reflect the latest data as of August 2024.

And, to the surprise of no one, we hit an all-time high in the global M2, ending the period of monetary contraction and starting up the money printers again.

The main component in global M2 is not the US FED, but the China central Bank, which is responsible for approximately 45% of the world’s money supply. And China has recently starting to implement several measures to accelerate its base money expansion, not yet shown in the charts:

We all know what happens with monetary expansions: the value of each unit of money in circulation drops, i.e., the price of everything increases. In terms of assets, we know that Bitcoin is the fastest horse in the race. As an illustration, please take a look at the following chart showing the year-over-year percentage change in global M2 and the price of Bitcoin. You can see that they have a high correlation.

We'd like to remind you that all the raw data used to generate the charts on Bitcoin Is Data is available for direct download or via our API, in both .CSV and .XLSX (Microsoft Excel) formats.

By the way, if you have any suggestions for improvements, ideas for new data, or new charts, please leave a comment below, contact us at contact@bitcoinisdata.com or via our Twitter and NOSTR handles.

That's all for today—have a great one!