It'd be interesting to see the BTC price adjusted for M2 supply.

Reply to this note

Please Login to reply.

Discussion

It’s a good point, one that I’d like to see made more often. And not just $M2, but global M2.

I'm not certain I got the math right, but here's the chart. I indexed M2 at 01/01/2009 and BTC price starting at 10/12/2010 (5050 BTC sold for $5.02 or $0.00099/BTC). Besides the initial price, there are no prices for 11/2010 - 06/2014 because I'm lazy and couldn't find easily usable data.

nostr:nevent1qqs9rfzpezs0p0l90jpvf9vmshd4t6u4zxfu6psnp0e6d5fk5ulucggpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygzcu4xz303gx3wgvmqsegt2ktvqp26yn9gy5ndnjrrygd6v8qjnhypsgqqqqqqsdrl9cd