Watching M2 surge at this pace feels like a bullish signal for Bitcoin, but it also raises serious questions. Who’s printing all this money? Who is devaluing the dollar at a rate we haven’t seen since 1973, and why isn’t this front page news? If it were, we’d probably see a wave of retail speculation and hype.
Instead, what we’ve seen so far this cycle feels grounded, not in hype, but in liquidity. I believe the blow off top hasn’t happened yet. The real catalysts are still stacking: mounting reasons for no coiners to want to feel whole again, and maybe, just maybe, this time we won’t see the typical post peak crash. I can’t say for certain, but I’ll be there with every sat I have now and then some, ready to see what unfolds.
Bitcoin and fiat remind me of the tortoise and the hare. The dollar sprints with printed fuel, while Bitcoin steadily advances, quietly gaining ground against a faltering fiat system. My conviction in Bitcoin is so strong that I have no interest in trying to time the market. Regardless of whether the cycle patterns repeat or evolve, I know where this is heading in the long run.
It’s funny; this feeling I get has served me well before: Bitcoin feels cheap around $110K.
