> The Fed’s balance sheet is back at August 2020 levels. Yes, you read that right. While bitcoin is partying like its “money printer go brr” time, the Fed’s balance sheet shows the exact opposite.

yeah but how much of the curent USD supply was added in 2020?

the dollars aren't everything, they flowed out into gold, platinum, uranium, stonks, real estate, and now they are going back into bitcoin

people aren't stupid

the dollar should be ~half the market cap of everything but it's almost always much more and then other things become media of exchange