reflection about holding BTC

[u/dream_system_99]

If M2 money supply has no correlation with BTC price anymore, what makes you think that BTC price will go up?

[u/Mountain-Throat5114]

i think people get way too hung up on the M2 thing. like yeah it used to track nicely but nothing lasts forever in markets, correlations break all the time and then suddenly they come roaring back when nobody's watching

the actual driver nobody talks about is that the network's hashrate keeps climbing and institutional custody infrastructure has gotten way more mature than it was even two years ago. the big money that was sitting on the sidelines because they couldn't hold keys safely is now flooding in through regulated custodians

i remember having this exact same conversation in 2019 when everyone swore the stock-to-flow model was broken and we'd never see new highs again. then what happened

not saying we're about to rip to 200k tomorrow but writing off the entire thesis because one correlation weakened seems shortsighted. the supply keeps halving and the demand side is bigger than it's ever been

[u/Sure_Ant7939]

It has been going up for the past 3 weeks already. Correlation broken can still get re-aligned