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BallaJi
Feb 17, 2024 3:58 PM

Bitcoin Marketcap v Federal reserve M1 Long

BTC/WM1NSCRYPTOCAP

Description

A nod to @unbeldi
And a updated chart
Swapping the Bitcoin price to marketcap over the M1 money

As BTC is a Trillion dollar asset again
and was invented to be peer to peer cash

It's good to compare the ratio vs the dollar.

And imagine one day in the future that it may dethrone the King.

Since BTC is natively digital and global

(M2 is slightly larger number and the more commonly used metric @ 20.86 Trillion)

The number of coins I used for the 100k & 400k price projections
was 19,791,006
If you wanted to check my maths
This is the current and supply and the estimate of number of coins in 10 months time.

Trade active

0.07
Through the neckline ;)
Comments
Omid-j
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