US Money Supply Hits $23.34 Trillion: Why Is Bitcoin Not Following?

Bitcoin (BTC) slipped this week while US money supply hit a record $23.34 trillion in August. Bitcoin supporters pitch its fixed supply as a hedge against exactly that. M2 is the broad gauge of cash, deposits, and retail money funds that the Federal Reserve (Fed) tracks. It rose about $125 billion in August, yet Bitcoin holders face a price moving against that liquidity trend. Why Does a Fixed Supply Matter as US Money Supply Grows? Fed data show M2 at $23.34 trillion, up 5.7% from August 2025. The Kobeissi Letter, a markets newsletter, called that the fastest pace since May 2022. Fed figures also show M2 rising about $988 billion from December to August, or $123 billion a month.

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