Nostrrrgh on Nostr: IMO there isn't a straightforward, consistently high correlation between Bitcoin's ...
IMO there isn't a straightforward, consistently high correlation between Bitcoin's price and the growth of money supply (like M2). For instance, periods of significant money printing haven't always led to immediate or proportional increases in Bitcoin's price. This could be due to Bitcoin's nascent nature, where its price is influenced heavily by adoption rates, technological developments, regulatory news, and speculative trading rather than purely monetary policy.
Published at
2024-08-28 11:59:54Event JSON
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