BREAKING: Global broad money supply surged +$10.7 trillion YoY in June, or +7.7%, to a record $150 trillion.
This marks the 9th consecutive YoY increase above +7.0%, the longest such streak since 2021.
The biggest increase over this period was recorded in February 2026, at +11.9%.
Since 2000, global money supply has risen +$124 trillion, a +6.9% compounded annual growth rate over this period.
Since 2020 alone, money supply has surged +$50 trillion, or +50%, equivalent to an average increase of ~$7.5 trillion per year.
Global money creation is expanding at a historic pace.
The printing never stopped. Global M2: new all-time high, ~$121T and rising.
Bitcoin's price has decoupled from liquidity over the past year. But supply schedules don't change. 21 million will always be 21 million.
When the money supply expands forever, you hold the asset that can't. That's why we hold hard money.
No fiat currency has ever caused purchasing power to grow.
They all trend toward zero as governments print more money to fix their retarded budgeting.
Investing is the only protection: Bitcoin, stocks, real estate - anything they can't print more of.
H/T @River
In 2 years, Bitcoin's average floor price (kind of where we are now in Mar '26, but in the future), will be about double what it is now
~$70k today
~$137k in 2028
Trust the process
Still wondering why we're stuck in a crabcrawl? Still second guessing your decision to HODL Bitcoin? Still concerned the 4-year cycles are broken?
You don't need to look any further than THIS.
Halvings don't create Bitcoin bubbles, the business cycle does. And they don't follow strict 4-year cycles.
Your patience is about to be greatly rewarded; can't keep this beach ball submerged for much longer.
Extreme Fear showing on Bitcoin fear and greed, but that does not mean it's time to rush and buy.
This shows a change in trend, from bullish to bearish.
There was a large-scale bearish divergence in August 2025, which has also appeared at every other cycle top.
The reason I think a lot of the traditional cycle top metrics (like the Pi Cycle Top, etc.) missed this cycle is because of two reasons:
1. Overly optimistic projections
2. Heavy bearish divergence
Heavy intuition was required, similar to the last cycle, but even more so this time.
No matter where you look, the next step for Bitcoin seems to be between 170 and 180k.
Using a 5.618 extension from the earliest move of the cycle has given us almost pinpoint accuracy for previous cycle tops.
This time, the golden number is $184,181.
All the boring price action is coming to a squeeze; it can't stay that way forever!
@sminston_with Great chart as always. Would love to see the x-axis up to date and see how it will progress in the upcoming weeks and months in a regular basis if possible? As you know, I`m a big fan of your charts 😉