This is a typical bullshit graph (see https://www.callingbullshit.org/): The y-axis is logarithmic to increase the appearance of a strong correlation.

😍

It aligns perfectly: Whenever it outpaces global liquidity growth, adoption must be occurring. It appears that there was significant adoption in 2020.

Now do pirates and climate change.

Interesting

Idk the terms, but it appears BTC may track global liquidity but in a more forceful way since BTC is log and M2 is not. Fine by me.

Michael Saylor's thesis includes the idea that M2 is the real measure of USD fiat inflation. I don't know if this idea is quantitatively proven, but on a gut-level it's more probable than the CPI metric. Nevertheless, beware of #spuriouscorrelation https://www.tylervigen.com/spurious-correlations

I fail to understand this one, despite seeing it in the newsletter every other week. lhs is logarithmic rhs is linear Seems like a flawed comparison, but I don't really grok most of the macro stuff anyway

Just sayin’

Why is M2 going up even with QT going on?

You had a very thoughtful answer to this on Rebel Cap pro. Thanks. Would love to hear a full write up or focused interview with some other heavy hitters on conditions that might decouple BTC from liquidity. My thesis is a melt up to ATHs in all markets…then a massive puke like 08’…Then they pr...

nostr:npub1pyp9fqq60689ppds9ec3vghsm7s6s4grfya0y342g2hs3a0y6t0segc0qq has a good chart on this also. https://www.tradingview.com/chart/ugMD3RGy/ I would love to see this adjusted by some alpha geek charter according to what Dr Singh is throwing down with nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscx...

see any catalysts coming up that could drop global liquidity and bring some volatility?

Does M2 follow a power law?

It looks like an inflationary hedging pattern.

From https://www.themarysue.com/spurious-correlations-engine/ : https://www.themarysue.com/wp-content/uploads/2014/05/spuriouscorrelation2.png?resize=640%2C223

That is the eye opener, right there. A big reason why its value increases. That and finite supply + adoption. The rest is mostly technical proofs of the robustness and future-proof.

Bitcoin is in some sense a mirror that reflects the raw truth of the current monetary regime.

Interesting that bitcoin price is a log chart and the m2 supply is linear. Every $10 trillion om m2 is a 10x for bitcoin