No Bitcoin Doesn't Follow M2
Subscriber Trading Tracker Update
Guys disregard the comments in yesterday’s post before the settlements sheet, they were inadvertently added, but are removed now. Anyway please review all the tracker updates below.
We also wanted to settle this debate once and for all about Bitcoin following M2 global money supply. We see this quite often on social media and we feel its spurious at best, cherry picked for time lines and we will demonstrate that many continue to over fit this narrative.
So in the chart below we specifically want to make one point very clear, that is M2 expanding is bullish for “ALL” nominal risk asset prices, simply because its a product of more money chasing finite investments, Bitcoin included. So what we did is we charted the % change of Global M2 and in black set the Bitcoin price so that it was marked at consistent 6 month intervals. Yes we can see the trajectory for M2 has been higher since Mid 2022 and yes Bitcoin has risen in that time frame as well. However our point is made very clear when we look at the % based changes and returns.
Anyway we just wanted you guys to have the ammo to correct the many misinformed out there!
Alright guys, we have all the MTR Subscriber data and trading trackers up next, we urge you to become a full subscriber and truly break through that barrier of understanding in regards to our global financial system.
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