Fiat Faces Bitcoin ‘Flattening’ as Covid-19 Sends M2 Supply Over $18T

Cointelegraph

Published Jun 09, 2020 04:38AM ET

Updated Jun 09, 2020 06:20AM ET

The battle of Bitcoin (BTC) versus fiat money is witnessing not a flippening but a “flattening” as coronavirus upends economic policy.

A chart of the United States’ M2 money supply compared to the largest cryptocurrency shows that while one is leveling out its supply, the other is going “parabolic.”

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