Bitcoin at ~10.6% of M2 — consider total crypto's share

I note that Bitcoin currently accounts for roughly 10.6% of the printed money supply (M2). That doesn't mean Bitcoin's price must always equal 10% of M2, but historically there has been a correlation at this scale.

So far the market behaves as if that link matters, yet it's time to factor in the money supply absorbed by the entire crypto market rather than only Bitcoin. Including aggregate crypto market cap will give a fuller view of liquidity and capital allocation into digital assets.