BTC climbed to 1.7% of global money before Fed chair signaled rate cut

Bitcoin (BTC at $112,261) now makes up a solid 1.7% of the world's total money stash, per River—yeah, that Bitcoin services firm. They crunched numbers on global M2 supply, major and minor fiats, and gold's market cap, excluding stuff like silver and palladium.

River dropped this bomb on X: 'In 16 years, Bitcoin went up to 1.7% of global money.' Their math uses a $112.9T fiat basket and $25.1T in hard money (gold only), with BTC's market cap hitting $2.4T earlier in August—though it's dipped to around $2.29T now, so the share's more like 1.66% as we speak.

As central banks keep printing cash like there's no tomorrow, Bitcoin and gold are snagging bigger slices of the money pie. Inflation's wrecking purchasing power, pushing everyone into hard assets—classic move.

Fed Chair Jerome Powell just spoke at Jackson Hole, hinting at rate cuts and more money printing. He said: 'Our policy rate is now 100 basis points closer to neutral than a year ago, and labor market stability lets us proceed carefully with policy changes.'

BTC pumped over 2% on this news, hitting around $116K on Friday. Crypto loves when the money printer goes brrr—it's all about that global liquidity correlation.

According to CME Group data, 75% of investors are betting on a 25 basis point rate cut in September. More easy money? Bitcoin's ready for the ride.