Bitcoin + Occam's Razor
Occam's Razor is a famous Latin phrase, meaning the answer to a problem is usually the most obvious. For example, if you hear hooves and live in Canada, it's probably a horse, not a zebra.
Using Occam's Razor for the Bitcoin price, let's check Google search volume for the word "Bitcoin."
We can see the Bitcoin price tops correlate with Google search tops. The answer to "when does Bitcoin top" is "when most people search for it." Let's check what people are searching for now on Google.
Search volume is spiking now for:
"What is inflation"
"What is an interest rate"
"What is a central bank"
Everyone is trying to find out why they are losing purchasing power. Do you think they will be happy when they find out the system they're in is rigged? Using Occam's Razor, the answer is no. They will be mad, and they will look for alternatives way to store their wealth. The easiest escape hatch is Bitcoin.
Today’s post is dedicated to my dear friend who loves picture books and said he’d only read a post if it had pictures.