hey nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l, I saw Joe Consorti talking about m2 liquidity and how BTC roughly follows. Do you have any thoughts on liquidity over the next year. I think you've talked ahout how you're watching it
I believe there was a comment that the dollar has been strengthening relative to other currencies, which is what is creating this dynamic in the short term. nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l said on nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z that he expects the dollar to begin weakening by end of December, early January…
They talk about this on TFTC at 1hr16m in the base money section. https://youtu.be/6vgesP9LIXk
Thank you
Thanks!
Yes.
The short answer is that a strong US dollar (which we've experienced since the beginning of Oct 2024) negatively affects, directly and indirectly, global M2 monetary supply.
And bitcoin usual follows the trajectory of global M2 with an approximate 12 week lag.
The chart you show (apparently from Joe C.) was originally published by Julien Bittel on Real Vision.
This is the primary reason why I think bitcoin could drop to $75k-85k in the coming weeks, before the dollar finally breaks and bitcoin begins its 2025 ascent.
Appreciate the thoughts!
