George Washington laying on his back pattern spotted!
Bitcoin seems to be used more than money now???
Bitcoin Velocity Vs Money!
So it turns out the Velocity of money is too low for any real inflation!
The chart below shows the rate at which money is being transacted for goods and services in the economy. ... Since the velocity of money is usually correlated with business cycles, it can also be correlated with key indicators. The velocity of money will usually rise with GDP and inflation. It still looks like the economy is at rock 🪨 bottom, with plenty of room for recovery!
The Bitcoin price target remains at 63k!
Any dips were just wishful thinking!
Source: https://fred.stlouisfed.org/series/M2V
Time to buy the Bitcoin Dips! With Velocity this low it means there will be no stock market crash or bitcoin crash this year or any time soon!
Hello @coininstant… I have chosen your post about “-The Velocity of Money is damping hard !!! -” for my daily initiative to re-test - vote and comment…
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