George Washington Would be rolling in his grave right now if he could see the price of Bitcoin!

in greenback-ded •  4 years ago 

George Washington laying on his back pattern spotted!

6627C6F2-4A87-436B-B7BF-E41BC9C6878B.png

Bitcoin seems to be used more than money now??? 😱

ECF2E85F-3EDC-4406-8EB4-C3AC6BFD18D7.jpeg

Bitcoin Velocity Vs Money!

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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!
8D5795BEB67040C1B078EA989FF1543A.jpeg 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!

Follow @coininstant for more!

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  ·  4 years ago  ·  

thank you very much for the information, have a good day and a great mood

  ·  4 years ago  ·  

thank you for the exchange ,have a great day and have a good trade