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A CoinDesk analysis makes the case that raw price charts for bitcoin ($BTC) and the S&P 500 tell an incomplete story — one that becomes meaningfully different once both assets are measured against the backdrop of monetary expansion.
The framing matters because nominal gains can mask how much of an asset's rise simply reflects a currency that buys less.
What "Adjusting for the Money Printer" Actually Means The analytical approach strips away the inflationary tailwind that central bank balance sheet expansion provides to all dollar-denominated assets.
When a currency's purchasing power declines because more units of it are created, prices rise in nominal terms even if underlying value is unchanged.
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