Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.
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The future of money is the cost of consensus, and the economy of the future will usher in the next era of globalization.
Other key indicators suggest that Bitcoin’s long-term floor price is above $40,000.
The M2 money supply is an economic measure of the total amount of a sovereign nation’s fiat currency currently circulating worldwide.