Tunnel of Love

BITSTAMP:BTCUSD   Bitcoin / Dollar
272 1
Well it's been money for muscle another whirligig
Money for muscle another girl I dig
Another hustle just to make it big
And rock away rock away


Money for muscle. Nathan Martin via Economic Edge blog points this out. He puts forth analysis that I have been pointing to in previous posts going back to January of 2015. What he does not reference is that Bitcoin goes out to one satoshi - 8 decimals. This is extremely powerful given what it means in terms of the of a price silver locket and global M2 .


Given Central Bank behavior since 2008, keep the following in mind...

If you take the entire M2 money supply of the United States, currently $13.5 trillion, and put it all into Bitcoin instead, then each Bitcoin would be worth $642,857.

If you take the global M2 money supply, roughly $72 trillion, you get $3.4 million per Bitcoin .

This current leg should take us to 5330 by week of June 26. This will be followed by some level of Fib retrenchment. That retrenchment will depend on the "spin" at the time and the negative spin is getting harder to produce.

Not familiar with ROC indicator. Overall, I couldn't agree more.
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