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Bitcoin vs. M2 Money Supply

Bitcoin to US M2 Money Supply Ratio

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This chart displays the ratio of the price of Bitcoin to the US M2 Money Supply. A rising line indicates Bitcoin is growing faster than the US money supply.

Interpretation

The ratio in the chart above divides the price of Bitcoin by the US M2 Money Supply. When the ratio rises, bitcoin is outpacing the growth of the US money supply.

Data Sources

Further Information


Bitcoin vs. US M2 Money Supply

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This chart compares the price of Bitcoin and US M2 Money Supply.

Interpretation

This chart gives a different view of the data from the chart above, comparing the price movements of Bitcoin and the US M2 Money Supply over time.


The Correlation Between Bitcoin and US M2 Money Supply

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This chart shows the 1-year rolling correlation between the price of Bitcoin and US M2 Money Supply.

Interpretation

The chart above displays the 1-year rolling correlation coefficient between the price of Bitcoin and the US M2 Money Supply. A correlation coefficient of +1 indicates a perfect positive correlation, meaning that the price of Bitcoin and the US M2 Money Supply moved in the same direction during the specified time window. Conversely, a correlation coefficient of -1 indicates that they moved in opposite directions.