Where's the price of Bitcoin going? Money supply growth may give a clue

seekingalpha2021-08-23

It may seem ironic that, the movement of dollars and bitcoin's (BTC-USD) price are somehow linked, but historical data seems to suggest that money that is being circulated throughout the U.S. economy ...

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精彩评论

cxseah
2021-08-23
cxseah
Like pls
- WKB:
  Ok
StayHome
2021-08-23
StayHome
Too volatile …Pls like and comment. Thanks.
- LimYH:
  yeah
Rockyspider
2021-08-23
Rockyspider
Hi
- cxseah:
  Hi
WKB
2021-08-23
WKB
It will create new high next month I think
- shutiing:
  hmm
- NareshwG:
  I feel the same way too..
- NareshwG:
  I feel the same way too..
HappySheep
2021-08-23
HappySheep
[Miser] [Miser]
- NareshwG:
  Nice..
- NareshwG:
  Nice..
- NareshwG:
  Nice..
HappySheep
2021-08-23
HappySheep
[Miser] [Miser]

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Prior to the pandemic, M2 was growing at a mere 6%-7% annualized rate.\nDespite Bitcoin's (BTC-USD) recent rally, digital asset investment products saw a sixth consecutive week of outflows for the week ended Aug. 13, the longest run of consecutive outflows since January 2018, CoinShares Investment Strategist James Butterfill writes in ablog.\nInvestment product volumes are at $3.1B per week, compared with $7B in May, Butterfill notes.\nAnother risk that impacts digital asset flows other than typical seasonal effects is regulatory intervention such as the provision in the U.S. infrastructure bill, which requires brokers of digital assets toreport gains from trading to the Internal Revenue Service.\nFor the week ended Aug. 13, hedge funds continue to cut their net short positions in Bitcoin to an 11-week low, Hedgopia writes in atweet. 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Bitcoin (BTC-USD) also rose in those time periods.\nEarlier this week, Michael Saylor says Bitcoin (BTC-USD) will be a$100T asset class that everybody needs.\nIn June, El Salvador to make Bitcoin (BTC-USD)legal tender.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":835331293,"gmtCreate":1629686797312,"gmtModify":1633683189587,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/835331293","repostId":1124774000,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5616873,"gmtCreate":1629687260829,"gmtModify":1635144868236,"authorId":3580984813011332,"author":{"id":3580984813011332,"idStr":"3580984813011332","authorId":3580984813011332,"name":"WKB","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":835331293,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":835305970,"gmtCreate":1629686235990,"gmtModify":1631893722759,"author":{"id":"3586303845668227","authorId":"3586303845668227","name":"StayHome","avatar":"https://static.tigerbbs.com/a2090cc80fca211990d8fc4e216f75b7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586303845668227","authorIdStr":"3586303845668227"},"htmlText":"Too volatile …Pls like and comment. Thanks.&nbsp;","listText":"Too volatile …Pls like and comment. Thanks.&nbsp;","text":"Too volatile …Pls like and comment. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/835305970","repostId":1124774000,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5616866,"gmtCreate":1629687236721,"gmtModify":1631893722893,"authorId":3586223575744434,"author":{"id":3586223575744434,"idStr":"3586223575744434","authorId":3586223575744434,"name":"LimYH","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":835305970,"type":1,"supId":0,"prevId":0,"content":"yeah","text":"yeah","html":"yeah"}],"langContent":"EN"},{"id":835309923,"gmtCreate":1629686005562,"gmtModify":1633683199340,"author":{"id":"3561779703230954","authorId":"3561779703230954","name":"Rockyspider","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3561779703230954","authorIdStr":"3561779703230954"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/835309923","repostId":1124774000,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5616788,"gmtCreate":1629686815716,"gmtModify":1635144875082,"authorId":3586519067840195,"author":{"id":3586519067840195,"idStr":"3586519067840195","authorId":3586519067840195,"name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":835309923,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":835977989,"gmtCreate":1629685960641,"gmtModify":1631890211442,"author":{"id":"3580984813011332","authorId":"3580984813011332","name":"WKB","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580984813011332","authorIdStr":"3580984813011332"},"htmlText":"It will create new high next month I think&nbsp;","listText":"It will create new high next month I think&nbsp;","text":"It will create new high next month I think","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/835977989","repostId":1124774000,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5616640,"gmtCreate":1629686226020,"gmtModify":1631890211473,"authorId":4087286829505350,"author":{"id":4087286829505350,"idStr":"4087286829505350","authorId":4087286829505350,"name":"shutiing","avatar":"https://static.tigerbbs.com/d9570bb377b17d1dc03714978c63e96c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":835977989,"type":1,"supId":0,"prevId":0,"content":"<u>hmm</u>","text":"<u>hmm</u>","html":"<u>hmm</u>"},{"id":5616593,"gmtCreate":1629686064182,"gmtModify":1631890211454,"authorId":3572945845916163,"author":{"id":3572945845916163,"idStr":"3572945845916163","authorId":3572945845916163,"name":"NareshwG","avatar":"https://static.tigerbbs.com/0d6dc06165c1a0cc4f1a8169ea48573d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":835977989,"type":1,"supId":0,"prevId":0,"content":"I feel the same way too..","text":"I feel the same way too..","html":"I feel the same way too.."},{"id":5616581,"gmtCreate":1629686034795,"gmtModify":1631890211439,"authorId":3572945845916163,"author":{"id":3572945845916163,"idStr":"3572945845916163","authorId":3572945845916163,"name":"NareshwG","avatar":"https://static.tigerbbs.com/0d6dc06165c1a0cc4f1a8169ea48573d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":835977989,"type":1,"supId":0,"prevId":0,"content":"I feel the same way too..","text":"I feel the same way too..","html":"I feel the same way 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