Global M2 Money Supply vs Bitcoin
- April 21 Update -
Bitcoin is making moves. It just passed $88,000!
Is this the BLAST-OFF??
Global M2 keeps making new ATHs. Global M2 has run up for *over 3 months* and it continues to head up!
I'm providing charts of both the 78-day offset to 108-day offset as they provide a good balance between the two most likely outcomes.
Are we in the "micro rally" of the 108 chart or the BLAST-OFF of the 78 day chart? Remember, there will be volatility and non-correlated periods. As such, I've learned to be slow to make an assumption. Needless to say, BTC's price moves lately have been very encouraging and exciting. If we're lucky, 78 days is it and we're already off to the races!
As I've said before, I think it's best to focus on the BIG PICTURE (that collosal M2 move on the right of the chart).
Assuming this M2 correlation to BTC plays out, we'll all be very happy, regardless of a few weeks difference.
I find the Global M2 relationship to BTC extremely exciting to watch and I'll continue to cover it.
Watch the video below to learn more. 👇
