🟦Analyst TXMCtrades has criticized the popular models that link bitcoin’s growth to the expansion of the global money supply (M2). He argues that such charts are mathematically flawed due to currency fluctuations and inconsistent data update frequencies across countries. Notably, he points out that nearly half of global M2 comes from China, where growth is significant, whereas M2 growth in the U.S. is minimal.
🟦TXMCtrades also denounced models using 12–100 day “lags” between M2 movements and BTC price, calling them retrospective curve-fitting. Despite the critique, bitcoin maintains positive momentum, with technical indicators suggesting continued upside.