Remember How Bitcoin Was Supposed to Rise With Money Supply? Here's Why That Didn't Happen
Bitcoin has lagged equities for five years because global net liquidity remains $5 trillion below its peak, Benjamin Cowen says.
Bitcoin hasn't gone up as much as stocks even though there's more money in the world, because the total amount of money available to invest is still less than it was before. When you're watching Bitcoin, pay attention to whether there's actually more money flowing into investments—not just whether the government printed more.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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