- As COVID-19 spreads, a so-called flattening is occurring as coronavirus upends economic policy.
- A growth rate of trajectories chart was recently released in regards to the United States’ M2 money supply compared to bitcoin.
As COVID-19 spreads across the world and continues to impact many of our day-to-day lives, a so-called flattening is occurring as coronavirus upends economic policy.
A growth rate of trajectories chart was recently released in regards to the United States’ M2 money supply compared to bitcoin. The chart indicates that as one levels out its supply, the other one is going parabolic.
Uploaded by Robert Breedlove, the chief executive officer of the digital asset investment company Parallax Digital, the chart looks into the significant different paths that have been taken by bitcoin and Fiat currency since coronavirus hit the world in full force earlier this year in March.
The latest supply degrees came in the form of May is block subsidy having at the same time, central banks all across the world will continue into an ounce of stimulus programs that help inflate the supply of cash. As a result of this, Bitcoin is showing a flattening curve that governments wanted to see in cases of coronavirus. Breedlove commented on the matter saying that the bitcoin supply curve is starting to flatten against a parabolic USD M2 money supply but asked the question as to what is going to happen next.
For those that don’t know, M2 is in reference to the M1 money supply as well as what the federal reserve says is a broader set of financial assets that have been held principally by households.
Ever since it took a stumble in March, bitcoin has been on the recovery and has significantly demonstrated how it can be resilient to do its self governing protocol. Many people have predicted that the leading cryptocurrency is going to spike over the next few weeks and months.