By popular request, we will discuss the money supply, M2, and its relation to Bitcoin. We also revisit DXY, the US Dollar Currency Index, and why it is important for better understanding which direction Bitcoin is heading. In this video, we show that the price of Bitcoin divided by the money supply has actually not even put in a new all-time-high (ATH), which is fairly impressive considering that the price of Bitcoin has rallied 30%+ above its prior ATH. TA Video by Benjamin Cowen.
