ARK Invest report: The ratio of global M2 supply to Bitcoin supply hits 12-year high

In its The Bitcoin Monthly June 2025 Report released on the official website, global asset manager ARK Invest highlighted that the ratio of global M2 supply to Bitcoin supply has set a 12-year high. According to the report, one Bitcoin in circulation is now equivalent to approximately $5.7 million in global M2 supply. ARK Invest expects the ratio to continue to rise in light of the diminishing future supply growth of Bitcoin and the sustained expansion of global liquidity.