Thread by @hansthered

The amount of #Bitcoin on exchanges has fallen dramatically this year.

Source: network-charts.coinmetrics.io

At the same time M2 is growing like a weed.

Source: fred.stlouisfed.org/series/M2

Bitcoin miners and their mining pools (1 hop and 0 hop essentially) still have a lot of supply. But as you can see, the long-term trend is downward for their stockpile.

Source: network-charts.coinmetrics.io

All along, Bitcoin has been about supply and demand. Every four years the new issuance is cut in half. Meanwhile, the world is waking up to the need for digital currency, sound money, and a way to store value.

Source: network-charts.coinmetrics.io

Now ask yourself, where do you think Uncle Sam is going to get the money to make up the deficit gap? I'll give you a hint, it rhymes with "Funny Sprinter Go Whirrrrr," and it has a lot to do with the purchasing power of your savings account.

Source: fred.stlouisfed.org/series/FYFSD