Most important chart of 2020 In a range for 50 yrs and now +69% y/y Will change everything we thought we knew about economics and mkts Will continue to drive #Bitcoin, #Gold and #Nasdaq in 2021 $6 trillion in cash that will eventually be put to work Once in a lifetime event

Dec 31, 2020 · 4:10 AM UTC

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Replying to @DTAPCAP
Wow.... Looks like hyperinflation incoming?
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Hyperinflation of the bitcoin price, yes.
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Replying to @DTAPCAP
Wonder what the more direct causation mechanism is between money supply growth & your assumption that bitcoin is most geared to it? Really not clear why bitcoin would be the best placed over other more useful hard assets that have far higher general acceptance.
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Small door. No supply. 70% rate of change is extreme shock.
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Replying to @DTAPCAP
Dan - Surely you think this is going to hit real economy (spending for goods right now, services post vax) and kick off inflation cycle...or you think just trapped in financial assets?
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Trapped for a while. Seeing it most clearly in bitcoin. :)
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Replying to @DTAPCAP
Could you comment on how that $6T is going to affect rates against foreign currencies? Have other countries printed as much? I imagine overseas BTC buyers won't realize the same gains?
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All the developed countries printed a lot. Data readily available.
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Replying to @DTAPCAP
Sometimes I just stare at this and marvel at the fall of Rome fred.stlouisfed.org/series/M…

FRED Economic Data

M1 (DISCONTINUED)

fred.stlouisfed.org
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Replying to @DTAPCAP
Justin Moon
@_JustinMoon_
21 Sep 2020
WTF?!?!
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Replying to @DTAPCAP
Justin Moon
@_JustinMoon_
21 Sep 2020
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Replying to @DTAPCAP
M2 velocity is down 24% YoY. How does one square M2 more than doubling from $8 trillion to over $19 trillion, but velocity falling at an accelerating rate?
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Replying to @DTAPCAP
Nope, that's not cash, mostly bank reserves that won't ever get into the real economy. QE 1-3 didn't ignite the hyper inflation we were promised, this time isn't different.
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Replying to @DTAPCAP
eh.. what could go wrong... 😜
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Replying to @DTAPCAP
these money supply metrics haven't been reliable since the early 1960s mate. ever heard of a Eurodollar?
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Replying to @DTAPCAP
Mining stocks.
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Replying to @DTAPCAP
This looks like revisionist history to me. In 2008, US money supply increased by about 3-4x.
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Replying to @DTAPCAP
$silver will be the largest recipient
Replying to @DTAPCAP
Replying to @DTAPCAP
What causes the negative growth? Burning money? :')
Replying to @DTAPCAP
M1 acceleration(new) 1st trillion-80 years(1913–1993) 2nd trillion-18 years(1994–2011) 3rd trillion-5 years(2012–2016) 4th trillion-4 years(2017–2020) 5th trillion-6 months(Feb–Jul 2020) 6th trillion-4 months(Aug-Nov 2020) 7th trillion - 2 months? #gold #silver #SPX #NDX
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Replying to @DTAPCAP
but hows the velocity looking? stlouisfed.org/on-the-econom…
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Replying to @DTAPCAP
if its just as easy as printing money, why havent we just done this forever and sat at home all our lives? - Once in a lifetime event, but the fallout from this will manifest in very hard times and a very different society.
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Replying to @DTAPCAP
Bears a striking resemblance
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Replying to @DTAPCAP
Will drive everything up untill nothing is left to be driven, this is all future consumption put to work, sooner or later someone has to put the actual 'work/growths' behind this pump. Unhealthy & experimental as it can get, won't end well. Buy #bitcoin 🚀
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Replying to @DTAPCAP
I love massively long time frame charts like this. #bitcoin is a direct beneficiary to this once in a lifetime event
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Replying to @DTAPCAP
Money supply is outdated. Doesn't measure the eurodollar market. It's useless.
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Replying to @DTAPCAP
Money supply includes bank reserves at the Fed. Unless the banks actually use that collateral to make new loans it’s impact on the economy is moot. Velocity of money has tanked and stayed there.
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Replying to @DTAPCAP
Put to work to repair balance sheets, maybe? Japan m1 '92-'02 Nikkei " "
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