Bitcoin vs Money Supply
19 Jul, 2022
Category: Crypto
Tags: Bitcoin
M2, the Money supply is the determining factor for Bitcoin price changes
Bitcoin is not a hedge against inflation; it’s a hedge against hyperinflation.
Bitcoin has been falling since the Fed started its Quantitative Tightening (QT). If you see this chart, the market cap of Bitcoin is highly correlated to the money supply.
The recent rebound is merely a change in market sentiment. Can it sustain? I doubt so.
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