I actually just watched an episode from Preston with Matthew Mezinskis, and he has different numbers for global money. I'm not sure if liquidity is exactly the same as global money, but I think there is a direction relationship. He is showing how the past few years has actually seen a decrease, from about a high of 30T in 2021 to about 25T now, so this might perhaps help explain the lack of a huge rally in Bitcoin.
Thanks for the info on the YouTube, going to watch it some time today, currently watching the Swan video with Lyn Alden and Ben Werkman as guests Anyway, I think your info matches what I've seen recently, that the lack of rally or even a crash of bitcoin from ath was due to global liquidity going down and bitcoin has followed with a lag the past few months That global liquidity downward move has changed direction in the past few weeks which bitcoin lags by weeks I really think bitcoin bull market starts next week or the week after, permabull bias aside
Seen this yesterday. Grok was asked in the comments what the indicator is and M2 money supply was mentioned. I just know that i’t a log chart that looks cool. The guy has a paid substack he’s hawking but I haven’t seen the paid content.
The network effect wouldn't have happened if bitcoin's supply wasn't limited. It's one of many core features valued by the market. Given the limited supply, bitcoin acts like a measuring stick on price levels, so global liquidity, which correlates with inflation, would naturally impact its price.
Are you that fucking dumb you dumbass stupid moron? Let me spell it out for you, ALL OF THEM! Absolute digital scarcity, global liquidity sponge, network effect, metcalfe's law, global adoption, total addressable market, best money in the history of the world, the largest ever computing network hash security , Blackrock, Fidelity, Sovereigh wealth funds, Pension funds, accepted everywhere, 24/7/365, and on and on You disingenuous piece of shit keep trying to pigeon hole bitcoin to one single thing, fuck you, GO TO YOUR 2ROSY BUCKS scam, no one falls for it No offense, have a nice day
Being in bitcoin for a very long time.... I have memories of the old days... I remember having 30-50 bitcoin during my first bull/bear market cycle 2013-2016 it fluctuated, but I could have easily increased it to 70 btc or even higher if I just borrowed even more from credit cards or applied for more loans, I took it for granted that bitcoin would always be "cheap", my entry point first purchase was around $100/btc but the sad part was rode the bull market to $50k+ fiat value of bitcoin holding to ~$7.5k bear market low But that's not the memory I'm referring to, that's just price action, the real stories from the trenches is that back then, bitcoin adoption was very little What could you buy using bitcoin back then besides darknet products? gyft cards was the most useful I remember reading a reddit post, saying that some day, bitcoin will be traded in the stock market, each bitcoin would be worth over $10k, oh how I was wishing and praying that would come true! 2017-2019 bull/bear market cycle happened , the euphoria was crazy, ICO's, and fomo, price has surpassed the $10k and new dreams and goals emerged, the idea of institutional investors buying bitcoin but it did not happen! not yet.... today, the year is 2025, what the fuck! institutional investors, yes! and more... Corporations using bitcoin as a treasury asset, nation states using bitcoin as a reserve asset, Sovereign Wealth fund, Pension funds buying bitcoin, Blackrock recommending an allocation to bitcoin! Most important of all, bitcoin is a global store of value asset for all, young and old, rich and poor, individuals and families and companies And this is still early in the S-curve bitcoin adoption New price target, but this time I have very little doubt bitcoin will reach in 5 years $1M/btc I have seen the adoption, the network growth, I remember the past when there was hardly any...
There was a coworker around '12 or '13 that would buy sell bitcoin face to face with some sketchy people in the lobby of the building. He ended up doing an atm
all of us bitcoiners were worried the govt was going to make bitcoin illegal and go after us, put us in federal prison for using illegal digital currency The appeal of p2p and atm was non-kyc bitcoin, but there were many ways to get non-kyc bitcoin back then localbitcoin was still operating non-kyc so you could wire/money gram, from anywhere in the world counterparty sellers, localbitcoin escrow I liked Virwox, buying Lindy dollars and exchanging for bitcoin, could use credit cards using paypal, Virwox was in the UK or some EU country anyway, kyc'ed bitcoin from the past can be turned into non-kyc using dexes now, so all past efforts were moot and the govt will not make bitcoin illegal, they made it a reserve asset and wall street loves bitcoin part of the bitcoin adoption...