Hero of 2018 Crypto Bearmarket Returns and Provides Bitcoin Chart No One Expected - Aliens: AI Crypto News & Markets Updates
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Hero of 2018 Crypto Bearmarket Returns and Provides Bitcoin Chart No One Expected

PublisherPublisher
U.Today

Thu, Jun 23, 2022

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Aliens TLDR

"The most confluential" long-term chart was shared by an analyst at Adaptive Capital, Murad Mahmudov , who recently purchased Bitcoin at approximately $17,800, while the market was in panic mode.

The chart provided by Mahmudov is somewhat unique as it compares Bitcoin to USD divided by the sum of the U.S. money supply and the dollarized European money supply.

The chart provides more insight into Bitcoin's movement as it is being compared to money supply aggregates.

Unfortunately, price models the crypto market used back in the development era of the industry are not as relevant as before, especially after seeing the stock-to-flow model failing to catch up with Bitcoin's most recent movements .

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