“Gold Has Done Well of Late, But Hasn’s Made a New High Relative to Broad Money Suply Since 2011.”, – WRITE: www.coindesk.com
A check of the two popular inflation-resistant assets against a broad measure of US Money Supple (KNOWN as M2) Yields Further Insight About their Performances.
Adjusted for M2 Growth, Gold-Despite It Recent Strong Run-Remains Below Its 2011 Peak and Roughly The Same Level As It Was In 1975. The All-Time High for Gold Ag.
Bitcoin Tells A Different Story. Each Bull Cycle Has Seen Btc Hit A Record Versus M2, Including Last Month WHEN BITCOIN TOUCCHED BOTH An A absolute All-Time High As Well As a New High Relativ To Money Suppply.
Bitcoin Relative to M2 Money Supply (TradingView)
This Contrast Could Highlight the Different Roles of the Two Assets. Gold Continues to Serve as A Long-Standing Hedge and A Stabilizer in Portfolios, While Bitcoin’s Behavior Shows How New Forms of Money Cana Respond Monet Diatli.
Brian Armstrong Told Fox Business that Coinbase Aims to Be Users’ Primary Financial Account While Addressing US Crypto Rules and Pressure from Banks.
- Armstrong Described Crypto Legislation Moving Through Congress As a Bipartisan “Freight Train” and Pushed Back Against Bank Lobbying.
- He Said Coinbase Aims to Evolve Into A Financial “Super App” and Become USers’ Primary Account.
- The Coinbase CEO Predicted Bitcoin Could Reach $ 1 Million by 2030, Citing Regulatory Clarity, ETF Flows and A US Strategic Reserve.
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