I see from TradingView's data, in the past 20 years, the USD M2 was increasing at about 7% per year. And the CNY M2 was increasing at 15% per year. Looks like China is printing fiat even faster than the US! It's M2 absolute value is already bigger than that of the USD. Anyone can confirm that?
Tickers are USM2 and MYAGM2CNM189N
The only reason CNY can still relatively pegged to USD is China implements strict forex regulation to prevent their fiat from leaving their border.
Assuming that is true, people in China is much more urgent to buy Bitcoin than the US. Every government will print fiat money as long as they are allowed to. All fiat will rebase to zero just a matter of who being faster.
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