Part 3/8:
A comprehensive view of liquidity is illustrated through the global money supply chart, which aggregates data from 20 major central banks, including those in the US, China, and Europe. This perspective is crucial as Bitcoin and other cryptocurrencies operate as global assets.
Since 2014, Bitcoin's performance has mirrored the upward trajectory of overall global liquidity, punctuated by notable declines during periods when liquidity contracted, notably in 2014, 2018, and 2022. This correlation suggests that liquidity movements can substantially influence crypto prices.