Cyph3rp9nk on Nostr: Note added: What is really important for bitcoin price to rise is M2 liquidity (blue ...
Note added:
What is really important for bitcoin price to rise is M2 liquidity (blue color), we have had bull runs like 2017 where dollar liquidity (orange color) did not increase.
That said, I also expect that starting in September the liquidity of the dollar system will start to grow.
Why this happens (That has more importance the global m2 liquidity than the liquidity of the dollar system for the price of bitcon, being the dollar the world reserve currency) is something I do not know, the formula I use to measure the liquidity of the dollar is:
WALCL - (WDTGAL +RRPONTSYD)
Where:
WALCL = Total assets held by the Federal Reserve.
WDTGAL = general account of the U.S. Treasury
RPONTSYD: Overnight reverse repurchase agreements, which are Treasury securities sold by the Fed in temporary open market operations.
note1y0c…r0zl
Published at
2024-08-23 18:17:47Event JSON
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"content": "Note added:\n\nWhat is really important for bitcoin price to rise is M2 liquidity (blue color), we have had bull runs like 2017 where dollar liquidity (orange color) did not increase.\n\nThat said, I also expect that starting in September the liquidity of the dollar system will start to grow.\n\nWhy this happens (That has more importance the global m2 liquidity than the liquidity of the dollar system for the price of bitcon, being the dollar the world reserve currency) is something I do not know, the formula I use to measure the liquidity of the dollar is:\n\nWALCL - (WDTGAL +RRPONTSYD)\n\nWhere:\n\nWALCL = Total assets held by the Federal Reserve.\n\nWDTGAL = general account of the U.S. Treasury\n\nRPONTSYD: Overnight reverse repurchase agreements, which are Treasury securities sold by the Fed in temporary open market operations.\n\nnostr:note15x0vkx4atxlq7djxe6f8ven4akt55kyzmj944ek23m05f5xecg9swerusm ",
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