This one I found on LinkedIn and it's a graphic by Charles Edwards, Capriole Investments. It shows the positive correlation between ''US Liquidity (TGA + Drain of RRP + FED's balance sheet) and the price of Bitcoin. Looks like we bottomened last October which confirms other liquidity models and shows the importance of liquidity for any asset class.
0 sats \ 5 replies \ @GlobalThreat 3 Dec 2023
is that good or bad?
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0 sats \ 4 replies \ @TomK OP 3 Dec 2023
This credit-based fiat system needs quantitative growth to survive. The cycles are part of this system to adjust on CBs interventions and the economic cycle. They are coming like ebb and flow, so nothing to worry about but it gives You a compass of when there will be a bubble and when You can enter a market cheap.
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0 sats \ 3 replies \ @GlobalThreat 3 Dec 2023
is that good or bad?
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0 sats \ 2 replies \ @TomK OP 3 Dec 2023
Hahaha... ok. For short term price development it should be good. Long term it simply doesn't matter if You are a Bitcoiner.
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0 sats \ 1 reply \ @GlobalThreat 3 Dec 2023
i've been hodling since $4
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0 sats \ 0 replies \ @TomK OP 3 Dec 2023
You're joking.... Congratulations
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