It's a depressing thought but bitcoin's price might be linked to moneyprinting

in #crypto • last year

Here is a chart of the bitcoin price and global M2 (cash in circulation plus cash in bank accounts, money market funds and certificates of deposit):


source

It implies that for money to rush into bitcoin, there needs to be money printing from one of the major central banks (Fed, ECB, People's Bank of China, Bank of Japan or Bank of England).

#bitcoin
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      Upvoted! Thank you for supporting witness @jswit.

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