The US might temporarily have a tight monetary policy dampening its money supply resulting in less liquidity, but adding China's money supply makes more than up for that.
#Bitcoin is a global phenomenon.
Discussion
Question - Other than expanding global M2, what is to be derived from this chart?
That much of bitcoin’s downside price action coincided with decreasing M2 (gray area). That US monetary policy not necessarily has to affect bitcoin.
I thinks that’s a pretty loose correlation but maybe my eyes are not sensitive enough to appreciate it. Thanks for the clarification though - I think your work is great and I do look out for it
Thanks for sharing this