0 sats \ 0 replies \ @jp 11 Aug 2022 \ parent \ on: Bitcoin Market Cap Growth vs M2 Money Supply Growth bitcoin
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