M2 money supply is surging again – so why isn’t this bullish for Bitcoin anymore?
U.S. M2 hit a file $22.4T in January, why Bitcoin hasn’t adopted, and what may change subsequent U.S. broad money supply (M2) reached a file $22.442 trillion in January 2026. That put M2 up $922.4 billion (+4.29%) from January 2025, setting a brand new high for a metric that always anchors “liquidity up, danger up”…
