Bitcoin isnt about fair value or DCF Its a thermometer for excess liquidity and how much risk the system is willing to carry This thread breaks down a simple model that works: the price of money (real rates) + the amount of money (global liquidity) explain Bitcoin better than
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Bitcoin isnt about fair value or DCF Its a thermometer for excess liquidity and how much risk the system is willing to carry This thread breaks down a simple model that works: the price of money (real rates) + the amount of money (global liquidity) explain Bitcoin better than