Not sure, it is just a correlation not an iron rule and definitely not the only influence. The shrinking here of m2 is much much smaller than the previous increase was as well.
There are certainly time frames where change in global m2 money supply and change in bitcoin's price over say 12mo would have a positive R value. That isn't the point I am making. If the amount of money available goes up, then one would expect that the price of other things, all else held equal would also go up. It would be quite strange for bitcoin or any other commodity to behave differently consistently and over a long period.
dragontamer|2 years ago
Correlation of what, to what, and what's the R-value? Across what time frame?
https://en.wikipedia.org/wiki/Correlation
These words normally have _meaning_ ya know. They're not just things you toss out in a meaningless online discussion.
datadata|2 years ago