Bitcoin Reaches 1.7% of Global Money Supply Amid Fed Rate Cut Signals
- Bitcoin (BTC) accounts for approximately 1.66% of the global money supply, equating to a market cap of around $2.29 trillion.
- The figure includes a total of $112.9 trillion in fiat currencies and $25.1 trillion in hard assets like gold.
- Following US Federal Reserve Chairman Jerome Powell’s speech, Bitcoin surged over 2%, reaching approximately $116,000 per BTC.
- Seventy-five percent of investors expect a 25 basis point rate cut in September.
- Central banks’ monetary expansion is driving investors towards Bitcoin and gold as alternatives to fiat currency.
As Bitcoin continues to gain traction, its share of global money reflects growing investor confidence amid ongoing monetary policy shifts by central banks worldwide. The recent surge in Bitcoin’s price highlights its appeal during periods of economic uncertainty.
Currently, Bitcoin represents about 1.66% of the global money supply, illustrating its increasing significance as an alternative asset class amidst inflationary pressures (Source).
