🎧 Thriller Insights - S4EP21: Bitcoin: A Repeat of 2013 REDUX

We discuss the confirmation of a Bitcoin Double Top occurring here in 2021.


The Impending Dollar Inflation

news coming from Stan Druckenmiller via Student Investment Fund Annual Meeting Keynote & also Steve Hanke via OMFIF

Money supply growth is feeding into economy and Powell’s position is wrong. Wednesday’s headline inflation figure of 4.2% shocked many. The average real GDP growth from 2010 to 2020 was 1.8% per year, the average growth in total money supply (M4) was 6.5% and the average change in the velocity of money was minus 2.5%. Using these values and the Fed’s inflation target, the golden growth rate for M4 is 6.3%.

The average growth rate of M4, which has been 6.5%, slightly overruns the golden growth rate of 6.3%. This has resulted in realized inflation of 1.7%, slightly below target. That the realized inflation rate is, however, a bit below the Fed’s target is not surprising when you recognize that prior to the explosion in the money supply in 2020, the average rate of growth of broad money was very modest from 2010-19. It averaged only 4%, rather than the 2010–20 average of 6.5%.

In response to the Covid-19 pandemic, the growth rate of M4 skyrocketed. By the end of 2020, it was growing at 28.9%, the highest year‐​end rate since 1943. Today, it is still surging at 24%. That dramatically exceeds the golden growth rate, a growth rate that would be consistent with the Fed’s inflation target.

Armed with those numbers and the monetarist model for national income determination, it is obvious that April’s year‐​over‐​year consumer price index inflation rate of 4.2% is simply a harbinger of more to come.

Bitcoin: A Repeat of 2013 REDUX

Bitcoin Charts by TradingShot via TradingView

Pull Back is Imminent in this Bull Run

2012 into 2013 - The Original Double Top

2020 into 2021 - Will it happen again?

More than 110k Bitcoin have been transferred between wallet in only 17 transactions in the last hour.

$Tesla Falls as Musk Continues his Fud Campaign

Subscribe via iTunes or Substack. Also follow on Twitter and Medium.

"If you enjoyed listening to this episode and you want a really easy way to support Thriller Premium, why don't you head over to Apple Podcasts and leave us a quick rating or even a review?

Please leave a Review. Just go to ThrillerRating.com and that should open up Apple Podcasts.

Podcast reviews are pretty darn important and the more reviews we receive, the more likely we'll be able to get Thriller Premium in front of more people.

I am very appreciative for each one of you and would be extremely grateful if you left a 5 star review showing support. I read pretty much all the reviews that you guys leave over there. Thank You."

🔊 For Podcast ⚡ Lightning ⚡ Listeners

You can now use an app and support streaming sats to Thriller Premium.

  • Mobile: Breez is an excellent non-custodial Lightning wallet

  • Mobile + Desktop: Sphinx Chat also supports streaming to podcasts

  • Desktop/Browser: podStation browser extension

  • Mobile + Desktop: PodFriend as app and on web

  • Mobile + Desktop: CurioCaster as a progressive web app

More information is available at https://satoshis.stream