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!
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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!
I saw Lyn post this on nostr a while back. It's interesting how much less elastic the Bitcoin price seems to be getting.
Yes, and Jeff Ross has been talking about this correlation for awhile too. I think he got the idea from Lyn though.
All roads lead to Lyn Alden! What a brain.
this is an apples to oranges comparison. YoY% vs price. why? makes no sense
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).
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
No, change in M2 is the rate of monetary inflation. That's what we're looking at, correct?
Exactly. Inflation = growth of money supply
To me it makes perfect sense