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So, value of all US$ in circulation = 20 trillionvalue of all...

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eztrang

3,933 Posts.

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11/02/21

18:12

Post #: 50908286
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Originally posted by sydneyguy: ↑

sure

they can destruct usd by various means

doesn’t mean they have actually done it in any meaningful way

you won’t find any meaningful destruction of usd money supply- sure there is the occasional down tick in the data but the cumulative supply just keeps on keep on

and the fed balance sheet- since the CFC when it started at basically zero had one period 2015 ish where they sold down some of thier assets, approx 754 bln but that didn’t last - and during that time - well - you will see the money supply graphs- money supply kept going
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So,
value of all US$ in circulation = 20 trillion
value of all gold above ground = 12 trillion
value of all bitcoin in existance = 0.8 trillion

When you look at it this way, BTC doesn't seem so over-valued after all.
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