BitcoinLong
In the long term, Bitcoin is a great hedge against inflation.
Most times, Bitcoin will perform worse when interest rates go up and perform well when interest rates go down.
The same can be said when looking at the US money printer. The M2 money supply is the best indicator to measure how much money is printed and potential inflation.
The chart below shows the US M2 money supply in purple and Bitcoin in orange. In the short term, they are uncorrelated, but in the long term, they are 85% correlated.
The same can be said when looking at the US money printer. The M2 money supply is the best indicator to measure how much money is printed and potential inflation.
The chart below shows the US M2 money supply in purple and Bitcoin in orange. In the short term, they are uncorrelated, but in the long term, they are 85% correlated.
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