Money supply expansion is hitting levels we haven't seen since 2020, and that's injecting serious liquidity into the economy. Here's the thing about excess capital flooding the system—it never just sits around doing nothing. Eventually, it has to go somewhere. Asset hunters typically chase after things that are both scarce and easy to move. Bitcoin's positioning as a finite, highly liquid asset has made it a natural magnet for this kind of capital flow. When macro conditions tighten liquidity availability, risk assets get punished. But when you see M2 expanding at this pace? That's usually when alternative stores of value start getting attention. The historical pattern suggests we're entering the kind of environment where investors are actively seeking out scarce, tradeable assets to park their excess capital.