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The liquidity cycle is slowly picking up speed following its established pattern. This is very good news for risk asset classes, but especially for Bitcoin, which (like it or not) still is perceived by the market (Wall Street) as a liquidity proxy. We still have to work out the other values, the really deep and philosophical ones that Bitcoin represents. But I am very optimistic that this will happen and that beyond the ETF-smoke wall our community is growing as Fiatlandia shitshow evolves.
21 sats \ 1 reply \ @2d 30 Jan
Interesting chart, thanks for sharing. Do they show how that index is composed?
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If I am correctly informed here, this chart refers to global m2, i.e. the sum of m2 of the major central banks from China, USA, Europe, Japan and the Bank of England. i.e. the sum of cash deposits, cash equivalents, money market securities, etc
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0 sats \ 1 reply \ @NOV 30 Jan
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Do you have a link to the article or chart by chance? Dr. Jeff Ross posts some great content on Twitter along the same idea.