U.S. M2 Money Supply Hits Record High: What Does This Mean for BTC?

The U.S. M2 money supply reached a record $21.94 trillion in May, surpassing its previous high from March 2022. Money supply growth can lead to inflation if it outpaces the economy. Will the ongoing uptick in the M2 growth rate contribute to inflation in the coming months? CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.