Ever since around 2013/2014, bitcoin’s price has closely followed the rate of change in the growth of global broad money supply (M2) in USD terms.

In other words, from the perspective of macro investors (which are generally different than network users), it is the asset that best serves as a pure-play on changes in global liquidity. It’s a hedge against monetary inflation, not CPI inflation.

Notably, the dollar index relative to other major currencies strongly affects global monetary inflation.

So in order to have a view on price within any intermediate term timeframe (eg the people calling for new ATH prior to the next halving), it’s important to have a view on global monetary inflation and liquidity, because that is primarily where new external demand comes from.

Right now, bitcoin is a coiled spring on the supply side (fast money is out, coins have rotated towards strong illiquid hands), but the demand side (and thus the price) is largely a question of global liquidity.

100%, if real estate can provide value to you, it makes perfect sense to allocate capital to it. I am talking about the store of wealth dimension, which I thought you were alluding to in your original note. I think the "monetary premium" of real estate will be absorbed by bitcoin over time, and real estate prices will go closer to reflecting their actual utility for the most part

#memes #nostrmemes #memestr

My, and many others, favorite bitcoin podcasts/series: Saylor and Booth on What is Money podcast. What others would you recommend as essential on your journey?

Perfectly cooked

Not a fan of Bolton or him getting violated?

Bolton is a piece of shit and should get the Gaddafi treatment.

What’s the story on Alex? Was he a gold scammer or not? I’m not sure what to believe.

• Biden just asked Congress for $24,000,000,000 MORE for Ukraine

• Maui victims will get $700 each

• Population of Maui = ~180,000

$24B = $130,000 for EACH Maui resident...

We've sent ~$80 Billion to Ukraine so far... I'll let you do the math.

They do not give AF about us. They see and treat us like cattle. We are there to be milked for their pockets, the entire extent to which they care is based on how much it effects the yield they get from us. They toss back JUST enough pennies to stop a revolt, otherwise sowing hate and division to keep us angry at each other so they can spend all their time robbing us blind.

I’ve been practicing hypnosis for over 12 years. It doesn’t hurt, it just requires us to be willing to open up.

Guys, I wanna work on a guided meditation to explore past lives through hypnosis (if applicable).

I know hypnotherapists have shared success stories of past life regressions and other fascinating experiences with their patients. But I'm curious to see if it’s doable through a simple digital format.

Who wants to be part of this experiment and provide feedback? It should be fun.

Oprah is already on the ground.

There was a time when I’d think you were crazy.

Not anymore.

Hello Nostr 👋🏼🤍

How’s everyone’s Monday?

What is your favorite gif?

I will go first (mine is pretty shocking, so I don’t think anyone would guess it):

Nothing has warped the minds of prior OG Bitcoiners more than venturing into crypto venture capitalism… which is simply faster-moving fiat venture capitalism.

You hate to see it.

Yup I made it, glad you liked it :) been putting these on YT, Twitter, Instagram, and Tik Tok too.