When you adjust #BITCOIN price for inflation of the fast and ever-growing M1 money supply, #BTC is no where near the previous peak of 2017 or even close to the $11k pump June 19. If BTC is an inflation hedge, we have a lot of room to the upside ahead. 🚀

Dec 30, 2020 · 5:11 PM UTC

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Replying to @1MarkMoss
I am ready Marki Mark. Hope your packing is going well.

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its going, not so well... haha
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Replying to @1MarkMoss
Why is it useful to compare against M1? M1 isn’t chasing goods and services. Should be M2, no?
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You can look at both but M1 is physical money, M2 includes lots of other accounts including less liquid money like mutual funds etc
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Replying to @1MarkMoss
But is it a deflation hedge? Is it correlated with financial instruments or not?
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The better question is "will it hold purchasing power" and time will tell
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Replying to @1MarkMoss
x.com/deepbluecrypto/status/…
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Replying to @1MarkMoss
Thanks a lot for tweeting this out. Don't think I've seen this chart anywhere else yet. Moon!!!
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Replying to @1MarkMoss
You make a good point. We may have peaked in dollar terms, but where are we in Gold denominated terms I wonder?
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Replying to @1MarkMoss
If it was an inflation hedge gold, silver and a host of commodities would be up massively. No Bitcoin is on its own little mission and soon you lot will be able to buy the entire world’s assets by being the geniuses who thought to invest in something worth absolutely nothing.
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Replying to @1MarkMoss
Damn that's how much inflation there has been since 2017? Or is it just abitrarily dividing M1 by BTC price ? Interesting data but is that how to calculate inflation properly ? Honest question
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Replying to @1MarkMoss
Can someone provide a link to this chart?
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Replying to @1MarkMoss
Replying to @1MarkMoss
The presentation of this data doesn't seem to be right. Perhaps using a ratio of BTCUSD/M1 will be a better way to display this information
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Replying to @1MarkMoss
Why are you using M1 & not M2?
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Replying to @1MarkMoss
Would you wait for a dip to buy more or will the even be one at this point?
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Replying to @1MarkMoss
Great info, thanks Mark.
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Replying to @1MarkMoss
It’s just math. 😎
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Replying to @1MarkMoss
BTC is going down to 16k within the next 3months. (Proof of Work is dinosaur tech)
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Replying to @1MarkMoss
Yes yes... We have the Terms out there like God's money = Gold People's money = Silver and now Twitter Hornets money = #BTC
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