#BitcoinSPACDeal 📊 #BTC Glassnode: The correlation of BTC with the M2 money supply of the United States or other major economies does not show a consistent or predictable pattern.

Periods of positive correlation are often followed by negative or insignificant correlations, with changes occurring independently of clear macroeconomic factors.

Despite frequent claims of a stable relationship, evidence suggests that this relationship is largely stochastic rather than structural.