0 sats \ 5 replies \ @037447d9ca 9 Dec 2023 \ on: BTC: Global M2 On The Rise bitcoin
this is an apples to oranges comparison. YoY% vs price. why? makes no sense
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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).
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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
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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?
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269 sats \ 0 replies \ @TomK OP 9 Dec 2023
Exactly. Inflation = growth of money supply
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0 sats \ 0 replies \ @TomK OP 9 Dec 2023
To me it makes perfect sense
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