Global money supply has climbed to an all-time high of $103.66 trillion, after the world's four largest central banks added $1 trillion to the total in August alone. The increase marks the tenth straight monthly rise, and more money in circulation typically flows into assets like stocks, gold and Bitcoin.
Global money supply has hit an all-time high of $103.66 trillion, driven by another month of expansion from the world's biggest central banks. The Federal Reserve, the European Central Bank, the Bank of Japan and the People's Bank of China together added $1 trillion in August to push the total to its new record.
The August gain marks the 10th consecutive monthly increase in global money supply, extending a run of expansion from the four central banks.
More money in circulation typically flows into assets like stocks, gold and Bitcoin, according to the report.
Source: Coinpedia Fintech News
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