Someone wanted to see the Global M2 Money Supply charted against GOLD.
M2 and Gold visibly have a very tight correlation in the recent several years. Interestingly, it does not require much offset to match it up. The chart shown has no offset at all.
This would indicate that both gold and Global M2 act as a predictor to what BTC is going to do. (M2 and gold move first, BTC makes that move later)
It also indicates that Global M2 money finds its way quickly into gold and more slowly (about a 70-110 day delay) into risk assets such as BTC and stocks.
Based on this observation, my guess is that the further down the risk curve go you, the longer the delay from Global M2 into that asset. Makes sense.
