Bitcoin may be about to take off as China’s money supply just hit an all-time high.

In the past few weeks China’s M2 money supply — which includes cash, savings and liquid deposits — has reached 326 trillion Yuan or $44.7 trillion.

This is getting global attention, especially from bitcoin analysts who think it will push the scarce digital asset to the much-awaited $90,000 price.

China’ M2 money supply graph — Bitcoin News on X

“China’s M2 money supply just hit 326 trillion. The money printers are back on. Risk assets are about to go parabolic,” said analyst Kong Trading.

M2 money supply is an economic indicator used to track how much liquid…

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