GM
US Money Supply decreased by 2% in 2023, which is the largest annual decline on record with data going back to 1959. 
Discussion
supply went down yet #bitcoin price still went up. what happens when we revert to the mean π
Periods of rapid change, or prolonged debasement, erode societal trust.
GM nostr:npub1hycynfhz23ardfmf9kgwfw4gpyqj2fsh24r2zuehg4x7lx4kn5cqsqv4y3
Have a great day
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Nature is healing, lol π
The Fed is trying to normailze. But the US government is still spending like a drunk sailor.
M3 includes debt deposits up to 2 years and institutional money market funds. It captures more of the government money printing.
It's chart shows money supply is still going up.
Printers gonna print.
US M3 deflated too in 2023. However, I prefer to track global M2, it has such a high correlation to bitcoin price. 
not hard to have a decline when the money supply grew in just one year 2019-2020 by the same amount as what the TOTAL money supply had reached by 1996
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Thatβs just M2, the broader M3 is not published anymore.