Everyone loves the Bitcoin vs Global M2 chart…But is it complete BS?
You’ve probably seen this chart posted everywhere. “Bitcoin follows Global M2 perfectly! Liquidity up → Bitcoin up. Here’s the secret alpha-- Just wait 108 days and Bitcoin moons!!” Sounds great lol. but when you dig into how this chart actually works *in the short term*, it completely falls apart. Yes, Bitcoin is directionally sensitive to liquidity over the long term. But no, these short-term M2 charts you see on Twitter are not predictive models. In this video I explain why they’re engagement bait at best and completely fake at worst. submitted by /u/thesatdaddy [link] [comments]
| | You’ve probably seen this chart posted everywhere. “Bitcoin follows Global M2 perfectly! Liquidity up → Bitcoin up. Here’s the secret alpha-- Just wait 108 days and Bitcoin moons!!” Sounds great lol. but when you dig into how this chart actually works *in the short term*, it completely falls apart. Yes, Bitcoin is directionally sensitive to liquidity over the long term. But no, these short-term M2 charts you see on Twitter are not predictive models. In this video I explain why they’re engagement bait at best and completely fake at worst. [link] [comments] |
