I collaborated with Sam Callahan to analyze bitcoin’s correlation with global broad money supply.
The result was that it had higher directional correlation to money supply than other asset classes, at 83%.
We also looked at indicators for when bitcoin is more likely to deviate from liquidity. In other words, what’s usually going on in that other 17%. The answer, generally, is that the asset is coming down after major periods of extreme sentiment.
You can check out the full report here:
https://www.lynalden.com/bitcoin-a-global-liquidity-barometer/
https://m.primal.net/LAnn.jpg
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This is the most useful insight into #bitcoin price I've ever seen. Great work @LynAlden!
Wow! Seems like the past few months this has become a theme and now you and Sam seem to have to backed that up.
Very nice, Lyn.
This seems preety much the Darwinistic essence of Bitcoin in today's economy.
What a fantastic and extremely useful report. Thank you all for your work.
Thanks, great report. One thing: You mention the correlation between BTC and global M2 is 0.94 but don't say how you came to that number? I'm interested in what method was used here.
nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcjgxv3n won't be able to read it till you record.
Holy shit! Exactly what I need
Stay humble and stack zaps
They print money, the price of things goes up, not rocket appliances
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