96 sats \ 0 replies \ @lynaldencontact OP 30 Aug 2022 \ parent \ on: Lyn Alden AMA bitcoin
Bitcoin did very well against money supply inflation. As money supply expanded in 2020/2021, bitcoin with its fixed did very well.
In 2022, those money supply increases are really affecting prices. Price increases happen on a lag. This is despite the fact that US money supply literally hasn't grown in 2022.
Bitcoin did very well exactly when you'd expect it to: when the supply of dollars has been increasing rapidly. It did poorly when dollars stopped expanding. Year-to-date in 2022, dollar supply has been less inflationary than bitcoin. Bitcoin also had leverage in it from LUNA, 3AC, and other entities.
IMO, bitcoin will do well in dollar terms when the dollar supply starts expanding again.