I do not remember where I found this graphic but here we see how wonderful BTC is saving us from real monetary debasement. Thanks, SN!
100 sats \ 2 replies \ @Undisciplined 9 Dec 2023
I saw Lyn post this on nostr a while back. It's interesting how much less elastic the Bitcoin price seems to be getting.
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269 sats \ 1 reply \ @grayruby 9 Dec 2023
Yes, and Jeff Ross has been talking about this correlation for awhile too. I think he got the idea from Lyn though.
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319 sats \ 0 replies \ @TomK OP 9 Dec 2023
All roads lead to Lyn Alden! What a brain.
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0 sats \ 5 replies \ @037447d9ca 9 Dec 2023
this is an apples to oranges comparison.
YoY% vs price. why? makes no sense
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50 sats \ 3 replies \ @Undisciplined 9 Dec 2023
I think it's a point about inflation rates driving Bitcoin price, rather than the more trivial point that Bitcoin prices are higher when there's absolutely more money circulating (which is true for everything).
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269 sats \ 2 replies \ @TomK OP 9 Dec 2023
Do You mean CPI? If You only watch the Delta then rising cpi is an asset price killer I guess - at least in some sectors
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50 sats \ 1 reply \ @Undisciplined 9 Dec 2023
No, change in M2 is the rate of monetary inflation. That's what we're looking at, correct?
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269 sats \ 0 replies \ @TomK OP 9 Dec 2023
Exactly. Inflation = growth of money supply
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0 sats \ 0 replies \ @TomK OP 9 Dec 2023
To me it makes perfect sense
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