US M1 Money vs Bitcoin
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US M1 Money vs Bitcoin
M1 money supply is a count of all of the notes and coins that are in circulation, plus other money equivalents that can be converted easily to cash.
Comparing Bitcoin price with M1 money supply can be useful for investors to understand the relative size of Bitcoin’s market capitalization, as well as the relative growth or decline over time. More money in the global system can encourage spending on perceived ‘risk assets’ such as Bitcoin.
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