Ignore the short-term noise. U.S. money supply grows YoY, and #Bitcoin follows suit. Governments need to finance deficits with increased QE over time. Up-only 🚀 
Discussion
Me: Hey Fed, how much is M3?
Federal Reserve: …(sounds of crickets chirping)
Me: No, really, what’s the total global supply of US dollars?
Fed: (nervously looks in random directions)
Me: HOW MANY US DOLLARS DID YOU COUNTERFEIT AND USE TO CONTROL CORRUPT OPERATIONS?
Fed: “We are happy to announce that inflation is over and we’re cutting rates by 25 basis points. “