Bitcoin has risen to account for approximately 1.7% of the global money supply, which comprises major fiat currencies and gold’s market cap, according to a report by River, a Bitcoin financial services company. This figure is based on a market capitalization estimation of $2.4 trillion, though the current actual market cap is about $2.29 trillion, adjusting its share slightly to 1.66%. This rise is attributed to central banks' ongoing currency printing and adjustments in monetary policy, leading to reduced purchasing power of fiat currencies. Following remarks from US Federal Reserve Chairman Jerome Powell about potential interest rate cuts, Bitcoin's price surged, reaching around $116,000 per BTC. Historically, Bitcoin and cryptocurrencies tend to increase in value during periods of monetary expansion, correlating with investor behavior as they seek hard money alternatives in response to economic conditions.

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