M1 Money Supply Arms Race: Bitcoin Overtakes 23 Countries In 2020 Alone

M1 Money Supply Arms Race: Bitcoin Overtakes 23 Countries In 2020 Alone

2020 will go down in history for various reasons. While the pandemic took center stage, the emergence of Bitcoin, stimulus money, and unprecedented fiat money printing have been critical themes economically. The ballooning effect of national currencies printing fiat money to offset the impact of the pandemic, caused the global M1 money supply to expand exponentially. Despite this, however, Bitcoin’s rank in the total M1 money supply has risen substantially, from rank 34 to 13th […]

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