Time-shifted M2 money supply seems predictive of Bitcoin price action. It doesn't always sync up perfectly and the amount of time-shift varies from leg to leg, but it works in a fuzzy way.
The potential reasons for the varying time-shift are complex, including:
1. Changing Market Participation and Infrastructure
2. Shifting Regulatory or Macroeconomic Environments
3. Evolving Investor Profiles
4. Variable Velocity of Money
5. Data and Measurement Differences
6. Spurious or Coincidental Correlations
Liquidity is coming, if you believe this chart. Potentially even ATHs in 4-6 weeks.
The potential reasons for the varying time-shift are complex, including:
1. Changing Market Participation and Infrastructure
2. Shifting Regulatory or Macroeconomic Environments
3. Evolving Investor Profiles
4. Variable Velocity of Money
5. Data and Measurement Differences
6. Spurious or Coincidental Correlations
Liquidity is coming, if you believe this chart. Potentially even ATHs in 4-6 weeks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.