casey on Nostr: https://m.primal.net/KoVu.png Here is an interesting model I've been playing around ...
Here is an interesting model I've been playing around with. It's a model of the #bitcoin price based on US M2 money supply growth.
A couple of things to note:
1) The model captures the 2021 bull market that was cut short due to China banning bitcoin mining.
2) It's difficult to make predictions based on this model as that relies on accurately forecasting M2 growth. Having said that, M2 has been following an exponential curve for about 50 years!
3) It's almost certainly wrong, but there is, nonetheless, an undeniable correlation between #btc price and M2.
Published at
2024-09-13 06:28:39Event JSON
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"content": "https://m.primal.net/KoVu.png \n\nHere is an interesting model I've been playing around with. It's a model of the #bitcoin price based on US M2 money supply growth. \n\nA couple of things to note: \n\n1) The model captures the 2021 bull market that was cut short due to China banning bitcoin mining.\n\n2) It's difficult to make predictions based on this model as that relies on accurately forecasting M2 growth. Having said that, M2 has been following an exponential curve for about 50 years!\n\n3) It's almost certainly wrong, but there is, nonetheless, an undeniable correlation between #btc price and M2.\n\n",
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