Is M2 really much better than M1?

Could you elaborate on why some believe that M2 is significantly better than M1 in the realm of cryptocurrency and finance? Are there specific advantages or metrics that consistently demonstrate M2's superiority? Furthermore, what are the potential drawbacks or limitations of relying solely on M2 as a measure of money supply in this context? It would be insightful to understand the nuances and nuances that contribute to this ongoing debate.