Playing around with the Global M2 to BTC price correlation idea.
Taking the M2 of only the Eurozone, in USD, with 77 day offset. Plotting against USDT+USDC dominance on an inverse scale (up is lower), we get an even better correlation than Global M2 vs BTC price.
Taking the M2 of only the Eurozone, in USD, with 77 day offset. Plotting against USDT+USDC dominance on an inverse scale (up is lower), we get an even better correlation than Global M2 vs BTC price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.