Oddbean new post about | logout
▲ ▼
Cyph3rp9nk | 10 months ago (raw) | export | reply | flag +5 
 Halving does not condition the price of Bitcoin, the price of Bitcoin conditions it:
- Global liquidity
- Global M2 money supply
- Adoption

All three feed back on each other

However, it is the global M2 money supply that sets the pace.

https://m.primal.net/HXiC.png

https://m.primal.net/HXiD.png
▲ ▼
Cyph3rp9nk | 10 months ago (raw) | root | parent | reply | flag 
 Look at the daily chart to see who is setting the pace.

https://m.primal.net/HXiG.png

nostr:note1ed2r9havcskwldrwj8uyzgte9yvl5csgmd9uj4k3t2vmy60hucmqkag0g5
▲ ▼
exspiravit | 10 months ago (raw) | root | parent | reply | flag 
 Fun fact: USD M2 has shrunk by 1T over the last year or so. It has been sitting under its 1 year average for months. This has NEVER happened before
▲ ▼
kostas4444 | 10 months ago (raw) | root | parent | reply | flag 
 Do you think that there is a time lag or that there is no significant time lag?