casey on Nostr: https://m.primal.net/LBjL.png Here's a log-log chart of the #bitcoin price in ...
Here's a log-log chart of the #bitcoin price in relation to global M2. As you can see, the trend is a straight line, indicating a power law relationship. An R squared of 0.9 is astonishing, indicating very high correlation.
This is an important relationship to be aware of. Many prominent bitcoin analysts are beginning to highlight this as global M2 trends upward again.
Published at
2024-09-25 11:21:23Event JSON
{
"id": "87a3220fa277b7f53fed002a355f76868364ad5b320b7363699e0ae04839be88",
"pubkey": "0326de1892209302fce895b7570492326ddb540eb215b8544ac2445127b81024",
"created_at": 1727263283,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "https://m.primal.net/LBjL.png \n\nHere's a log-log chart of the #bitcoin price in relation to global M2. As you can see, the trend is a straight line, indicating a power law relationship. An R squared of 0.9 is astonishing, indicating very high correlation.\n\nThis is an important relationship to be aware of. Many prominent bitcoin analysts are beginning to highlight this as global M2 trends upward again.",
"sig": "ec59fc6be1efa512f6a1a8ef37cdc2a86ed9b672a78090fb8af725f67a846a621bed3bcfa79228657b7d7eb2da851acdf5162785e9c4b718f17901d30656b4ad"
}
