
Joe Burnett, MSBA|11月 24, 2025 15:33
Bitcoin and M2 are highly correlated.
If the supply of USD grows and the supply of BTC does not grow, then the exchange rate between USD and BTC likely changes.
However, M2 is historical data and the price of BTC is forward looking.
This means M2 is simply a lagging indicator.(Joe Burnett, MSBA)