M2 surpasses 100 trillion yuan; Bitcoin’s 21 million cap becomes a new anchor for institutional investors

China’s M2 money supply has surpassed 100 trillion yuan, according to a report originally published by Moomoo. The milestone highlights the scale of broad money in the economy, a measure that generally includes cash, deposits and certain other liquid financial assets.

Against that backdrop, the report frames Bitcoin’s fixed maximum supply of 21 million coins as a new reference point for institutional investors. Bitcoin’s supply limit is embedded in its protocol, distinguishing it from conventional monetary systems in which the money supply can change over time.

The comparison reflects a broader debate over scarcity, monetary expansion and portfolio diversification. While M2 is used to assess liquidity and financial conditions in an economy, Bitcoin is a decentralized digital asset whose issuance schedule and eventual supply cap are publicly known.

Institutional interest in Bitcoin has grown alongside the development of regulated investment products and custody services in multiple markets. Its fixed-supply design remains one of the asset’s most frequently cited characteristics, though Bitcoin can also experience substantial price volatility.