This chart highlights the tight relationship between BTC price and M2 money supply growth.
Makes a pretty good case for Bitcoin as a monetary inflation hedge…
https://pbs.twimg.com/media/FWbnnKBWYAIyq7D?format=png&name=small
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This chart highlights the tight relationship between BTC price and M2 money supply growth.
Makes a pretty good case for Bitcoin as a monetary inflation hedge…
https://pbs.twimg.com/media/FWbnnKBWYAIyq7D?format=png&name=small
Money supply is not indicative of inflation
https://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp
Money supply is a factor, but you also have to take into account money velocity.
You can print a trillion dollars in a single day, but it needs to be transacted in order for the inflation to start spreading across asset classes (see: Milton Friedman)
Not saying you are wrong, but money supply alone isn't necessarily indicative of inflation
Noice! Start warming up those printers.