Winklevoss: $22.7 Trillion Fiat Expansion Is Massive Bitcoin Ad
News By Alex Dovbnya Mon, 6/04/2026 - 20:12 The United States money supply has reached unprecedented levels, and prominent cryptocurrency advocates are pointing to the surging fiat expansion as the bullish catalyst for digital assets. Advertisement
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Reacting to the report of the U.S. M2 money supply hitting a record $22.7 trillion, Gemini co-founder Tyler Winklevoss took to X (formerly Twitter) to share his take on the macroeconomic milestone.
"Wow. Quite an advertising budget for Bitcoin," Winklevoss remarked.
Wow. Quite an advertising budget for bitcoin https://t.co/bTTfQU7JZw
HOT Stories Winklevoss: $22.7 Trillion Fiat Expansion Is Massive Bitcoin Ad XRP's Role in 'Internet of Value' to Lead Tokyo XRPL Summit, Bitcoin Reclaims $70,000 Amid $110 Oil, 460 Billion Shiba Inu (SHIB) From Revolut Hits Coinbase: Morning Crypto Report — Tyler Winklevoss (@tyler) April 6, 2026
"Advertising budget"
M2 is a broad measure of the money supply that includes cash, checking deposits, and so on. By expanding the M2 supply, the Fed effectively dilutes the purchasing power of the existing dollars in circulation.
AdvertisementIn contrast, Bitcoin has a hard-coded maximum supply of 21 million coins that can never be altered. Therefore, every time the government prints trillions of new dollars, it "advertises" the need for a fixed-supply asset amid growing inflation concerns.
Bitcoin's correlation with global M2
Notably, there is a profound statistical correlation between Global M2 and the price of Bitcoin. Bitcoin acts as a highly sensitive liquidity sponge.
The flagship cryptocurrency's price movements track almost exactly with the ebb and flow of global fiat liquidity. This time around, BTC might play "catch-up" to gold's performance relative to fiat expansion.
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Mon, 04/06/2026 - 05:14
Bitcoin Surges Past $69K, $196M Worth of Shorts Liquidated
ByAlex Dovbnya
Last year, Jurrien Timmer, the Director of Global Macro at Fidelity Investments, shared a fascinating chart that mapped Nominal M2 against both Gold and Bitcoin across a massive historical timeframe.
#Gemini News AdvertisementFinally, below is the price of gold vs M2, as well as Bitcoin. It’s interesting that there’s a linear correlation between M2 and gold, but a power curve between M2 and Bitcoin. Different players on the same team. /END pic.twitter.com/3NR0Npj9ub
— Jurrien Timmer (@TimmerFidelity) February 21, 2025
