Here’s a look at Bitcoin's price action against Global Liquidity, Global M2, GOLD and DXY - all with a 12-Week Lead.
Notice GOLD has a bit more of a deviation from the BTC price than the others.
This is because GOLD is used as a store of value asset, whereas the others are predicated on Central Banks expanding and contracting their money supply and balance sheets.
The key here is to smooth out the signal and ignore the noise.
Notice the convergence between these metrics the past couple months.
Notice GOLD has a bit more of a deviation from the BTC price than the others.
This is because GOLD is used as a store of value asset, whereas the others are predicated on Central Banks expanding and contracting their money supply and balance sheets.
The key here is to smooth out the signal and ignore the noise.
Notice the convergence between these metrics the past couple months.
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