FED Raises Fund Rate Today - So what Says Bitcoin (BTC)
A lot of speculation and expectation around the FED raising the fund rate today and it's impact on Bitcoin's price.
If you compare the fund rate and Bitcoin's price you notice there is no clear long-term correlation.
I would aruge if anything then the more interesting comparison would be to compare Bitcoin (BTC) to the M2 money supply.
Endless money creation correlates strongly with a rising Bitcoin price.
While Bitcoin swings wildly the clear trend is up - just like the M2 money supply.
Bitcoin clearly is a hedge against inflation until proven otherwise Bitcoins chart prices are pretty clear.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
If you compare the fund rate and Bitcoin's price you notice there is no clear long-term correlation.
I would aruge if anything then the more interesting comparison would be to compare Bitcoin (BTC) to the M2 money supply.
Endless money creation correlates strongly with a rising Bitcoin price.
While Bitcoin swings wildly the clear trend is up - just like the M2 money supply.
Bitcoin clearly is a hedge against inflation until proven otherwise Bitcoins chart prices are pretty clear.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Comment:
Not quite so "so what". Bitcoin did get pulled down after along with the stock market and a clearly massively slowing down economy that may head into recession in Europe for almost sure and the US maybe avoiding it
