I do not remember where I found this graphic but here we see how wonderful BTC is saving us from real monetary debasement. Thanks, SN!
pull down to refresh
100 sats \ 2 replies \ @Undisciplined 9 Dec 2023
I saw Lyn post this on nostr a while back. It's interesting how much less elastic the Bitcoin price seems to be getting.
reply
269 sats \ 1 reply \ @grayruby 9 Dec 2023
Yes, and Jeff Ross has been talking about this correlation for awhile too. I think he got the idea from Lyn though.
reply
319 sats \ 0 replies \ @TomK OP 9 Dec 2023
All roads lead to Lyn Alden! What a brain.
reply
0 sats \ 5 replies \ @037447d9ca 9 Dec 2023
this is an apples to oranges comparison.
YoY% vs price. why? makes no sense
reply
50 sats \ 3 replies \ @Undisciplined 9 Dec 2023
I think it's a point about inflation rates driving Bitcoin price, rather than the more trivial point that Bitcoin prices are higher when there's absolutely more money circulating (which is true for everything).
reply
269 sats \ 2 replies \ @TomK OP 9 Dec 2023
Do You mean CPI? If You only watch the Delta then rising cpi is an asset price killer I guess - at least in some sectors
reply
50 sats \ 1 reply \ @Undisciplined 9 Dec 2023
No, change in M2 is the rate of monetary inflation. That's what we're looking at, correct?
reply
269 sats \ 0 replies \ @TomK OP 9 Dec 2023
Exactly. Inflation = growth of money supply
reply
0 sats \ 0 replies \ @TomK OP 9 Dec 2023
To me it makes perfect sense
reply