Global money supply has climbed to a record $103.66 trillion, according to a Techub News brief citing CoinPedia. The report said the Federal Reserve, European Central Bank, Bank of Japan and People’s Bank of China added a combined $1 trillion in August alone, extending the expansion to a tenth straight month. CoinPedia added that when more money circulates through the financial system, that liquidity often finds its way into assets such as equities, gold and Bitcoin. The update frames the latest increase as part of a continuing rise in global liquidity rather than an isolated monthly move. No additional breakdown was provided in the brief beyond the total money-supply figure, the August increase and the list of major central banks involved.
Global money supply has reached a record $103.66 trillion, according to Techub News, which cited CoinPedia.
The brief said the Federal Reserve, the European Central Bank, the Bank of Japan and the People’s Bank of China added a combined $1 trillion in August alone, marking a tenth consecutive month of growth.
CoinPedia said that when more money is in circulation, that liquidity usually moves into assets including stocks, gold and Bitcoin.
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