The creator of the Bitcoin Power Law (@Giovann35084111) has just validated the "incredibly high" relationship between Global M2 and the Bitcoin price.

The power law chart applies a logarithmic view of both the x and y axes.

If you've been following me, you know that the M2 vs BTC correlation was fairly tight from our own calculations. It's now even further validated, seeing that this relationship also holds true with the "Power Law". Quite a compelling chart.

Stepping back, it does make sense that price moves of risk assets are a byproduct of liquidity. If a lot of money is introduced, then risk assets head up as money finds their way into them. Conversely, if there's no excess money sloshing around, how can they pump?

Thank you, Giovanni.