What do you mean?
Discussion
It looks like M2 "outperforming" bitcoin starting in 2020. Just by looking at the chart.
However, I remember some people believing that SBF manipulated the market and artificially lowered the price of bitcoin.
Right. The bull market in 2021 was cut short, in large part due to China banning mining and sending the hash rate plummeting. After that was the FTX fiasco. I don't know if SBF was manipulating the BTC price, but those two things definitely had an impact.
Yeah, it was a bummer, especially because most people were overly optimistic given that nation-state adoption was becoming a thing. But no blow off top. Maybe this cycle.