Based on the current M2 money supply divided by 21 million, the current fair price for 1 Bitcoin is $1,012,719.
Of course, the trend of M2 for the past century is upward and increasing in momentum (except for the slightest pullback in recent months), so expect that figure to increase in the coming years.
M0 is more important
worldwide !
Most other nation's currencies are backed by USD or US treasuries, so M2 makes a good ballpark measurement of world wealth. Currencies pegged to or backed by USD are effectively derivatives of USD.
so bitcoin is still for sale!
14 years in and we are still so early. These things take time.
Didn't realize I had it on LOG chart. Here's what the non-log chart looks like. 🚀
Bitcoin isn't fairly priced yet. 28k is still a bargain.
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