Bitcoin & Money Supply: A Farce of Correlation? 😂💸

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In the labyrinthine depths of financial speculation, where shadows dance and numbers whisper, a senior researcher at Glassnode has emerged, torch in hand, to challenge the sacred dogma of our age. The notion that Bitcoin, that elusive phoenix of the digital realm, is bound by the chains of correlation to the money supply of the so-called “major economies” has been cast into the abyss of doubt. 🌪️

The Myth of the Golden Shackles

In a missive flung into the void of X, CryptoVizArt.₿, the intrepid explorer of Glassnode, dares to question the very fabric of our financial delusions. The “Correlation,” that mystical indicator which purports to measure the symbiotic dance of assets, is laid bare as a charlatan’s trick. When positive, it sings of harmony; when negative, it wails of discord. Yet, in the case of Bitcoin and the money supplies of the Group of Seven (G7), the dance is but a chaotic waltz, devoid of rhythm or reason. 🎭

Behold, the charts! 🖼️ They speak not of order but of madness. Over a 90-day rolling window, the correlation swings like a pendulum in the hands of a drunken clockmaker. Positive one moment, negative the next, with no discernible trigger save the whims of fate. “No consistent or predictive pattern,” the researcher intones, his voice echoing through the halls of financial folly. Even through a 180-day lens, the chaos persists, a testament to the stochastic nature of this so-called relationship. 🌀

“A stable linkage?” scoffs CryptoVizArt. “Nay, it is but a mirage in the desert of data, a phantom conjured by the desperate minds of those who seek order in the void.” Bitcoin, though not untethered from the global economy, is a rogue star, influenced by a constellation of factors too vast and complex to be reduced to a single correlation. 🌌

In a previous revelation, the analyst unveiled the 180-day correlation between Bitcoin and the twin pillars of traditional finance: Gold and the S&P 500. Gold, that ancient store of value, stands neutral, its path diverging from Bitcoin’s like two strangers in a crowded market. Meanwhile, the S&P 500, that barometer of stock market fervor, shows a positive correlation, suggesting a fleeting embrace between the old and the new. Yet, even here, the relationship is but a flicker in the vast expanse of financial history. 📈


The Price of Illusion

And what of Bitcoin’s price? Ah, the eternal question, the siren’s call that lures the unwary to the rocks of speculation. Over the weekend, it soared above $122,000, a fleeting moment of triumph. But Monday, that harbinger of reality, brought a retrace, and the price settled at $119,000. Such is the nature of the beast-volatile, unpredictable, a mirror to the human soul. 🤑

In the end, what remains? A world of uncertainty, where correlations are but shadows on the wall, and the only truth is the chaos that binds us all. Bitcoin, that enigmatic enigma, continues its dance, unbound by the myths we weave. And we, the spectators, are left to ponder: is it the market that is mad, or is it we who are blind? 🤡

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2025-08-11 23:12