Veteran Trader Peter Brandt Makes Sensational Bitcoin Fiat Argument

Veteran Trader Peter Brandt Makes Sensational Bitcoin Fiat Argument

The argument for Bitcoin relates to the eventual destruction of fiat currency units (e.g., $USD)This chart on right plots price of Bitcoin $BTC in relationship to total U.S. money stock (M1). This ratio remains below the Dec 2017 high. Interesting to note similarities in chart… pic.twitter.com/yQEAm3lMAX