Bitcoin vs M2 money supply
Has Bitcoin appreciated faster than the dollar money supply has grown?
| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| Bitcoin (USD) | 100.0 | 19150.1 | 57.4 | 28332.1 |
| M2 money supply | 100.0 | 200.1 | 100.0 | 200.1 |
- Latest chart point (2026-05-01) predates the newest source observation (2026-07-24); one input series may be lagging.
Index BTC-USD (monthly avg adjusted close) and M2SL to 100 at the shared startBitcoin spot price in US dollars (BTC-USD, daily adjusted close, Yahoo Finance) and the M2 money supply (M2SL, billions of dollars, monthly, FRED), both rebased to 100 at their shared start. Bitcoin is averaged to monthly to match M2's frequency. A Bitcoin line above the M2 line means Bitcoin has outpaced money-supply growth over the window; the gap is the real, money-supply-adjusted Bitcoin return.
- Data through
- May 2026
- Last refreshed
- 24 Jul 2026
- Native frequency
- monthly
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