The phrase “money printer go brrr” wasn’t just a meme—it became a defining feature of modern monetary policy. Since the 2008 financial crisis, central banks worldwide have flooded the economy with liquidity, pumping trillions into the financial system. But what does that actually mean? More importantly, how does it impact Bitcoin, crypto markets, and risk assets in general?

To understand Bitcoin’s relationship with liquidity cycles, you need to understand M2 Money Supply—one of the most important yet overlooked macro indicators.