Very interesting 🤔 bitcoin has not hit an all-time high since 2017 when you account for the money supply!
Expect 🎇 and 🚀 when the true value of btc is recognised!
Aka big ATHs in terms of USD & M1
You can take a glass half-full or half-empty approach.
2021 bull run run did not exceed 2017 high (accounting for M1).
Greater adoption, knowledge, and understanding of Bitcoin… on top of QE restart = 💥 in BTC price
Bitcoin hasn’t made any significant gains since 2017
(accounting for M1).
The USD has just been debasing causing risk-assets to go higher
Either way, bitcoin solves this!
Adoption & growth = btc 🌙
Hedge against USD debasement = btc 🌙
All credit to @intocryptoverseThis post is based on this twitter thread.