One Metric Shows How Much Bitcoin Has Outperformed Gold and Stock Market: Crypto Analyst Benjamin Cowen - BitcoinEthereumNews.com
Bitcoin क्रिप्टोएक मीट्रिक दिखाता है कि बिटकॉइन ने सोने और स्टॉक मार्केट से कितना बेहतर प्रदर्शन किया है: क्रिप्टो विश्लेषक बेंजामिन कोवेन02 / 14 / 2022बिटकॉइन एथेरियम समाचार Popular crypto analyst Benjamin Cowen says one metric shows just how strong Bitcoins (BTC) performance has been over the last decade compared to other major markets like gold and equities. In a new video, Cowen tells his 711,000 YouTube subscribers that when accounting for the M2 money supply, gold is trading drastically below from where it was ten years ago. M2 is a measure of the current money supply by taking into account cash, checking deposits and other easily-convertible assets. When you account for money supply, gold is nowhere near where it was in 2011. The bull run that you see that gold has been on since 2011, it looks like its at the same price, but actually when you account for the money supply, it would need to pump 137% just to get to that same valuation. When you compare that to Bitcoin divided by M2, you get a very different chart. One that generally increases with time… I have to say golds valuation when you account for the money supply looks abysmal, I mean absolutely