Few understand that a weakening US dollar, rising global M2 monetary supply, and (finally) expanding manufacturing PMI (expected) is wildly bullish for #bitcoin price action in dollar terms.
Said another way, life is about to get significantly cheaper for those wise people who are living on a Bitcoin standard.
Onwards.
👀 🍿
Always has been.
Onwards and upwards
Taking my first steps toward bitcoin standard
🍿 indeed!
The real question is how much of one’s rapidly depreciating fiat denominated income has to be converted to bitcoin to prevent loss of purchasing power.
The $10 DCA gang is NGMI
👀
Stacking daily sir🫡
I am glad to have at least one person that talks about tradfi here. Got any follow recommendations for others? I got nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a already, love her work and post, especially on nostr!
Lyn is great. I also like her takes.
Unfortunately, there is very little macro discussion here on #nostr… which makes me sad.
Maybe you and her could start a weekly newsletter or dialog on here :)
Onboarding tradfi people is difficult. I once (even) tried with Urbit...
I do
🧐
What is the best source for tracking M2?
It depends what you mean by "best."
I use a TradingView algorithm, which is directionally accurate, but requires a subscription (I think).
The FRED (St. Louis Fed) site tracks US M2, although I prefer global M2 for global assets, like bitcoin.
Many people/sites regularly post updated global M2 charts, including:
- Michael Howell (Cross Border Capital)... the most nuanced and complete
- Darius Dale
- Hedgeye
- BM Pro
- Real Vision
- nostr:nprofile1qqsphh4hcsk9trquc2rd0drwge9vh75rmaa43xru4ha74nyrld9emyg4vj6zg
- and many others...
Hope this helps.
And fragile EUR and inflation running high amid deglobalization - my take is bitcoin is the global money while the politicians are just forcing deglobalization and funding campaigns or populism with fiat currencies
I remember Lyn talking about the importance of PMI last cycle.
Thanks Doc!!
I bought my house 3 years ago. It's down 60% on the bitcoin standard, as it should be.
Houses depeiciate fast AF. Upgrades don't improve home equity. Repairs arw the cost of this depriciation.
BITCOIN ONLY
