daily reminder not to trust crypto influencers predicting m2 correlation with bitcoin

Cryptocurrency News and Public Mining Pools

daily reminder not to trust crypto influencers predicting m2 correlation with bitcoin

daily reminder not to trust crypto influencers predicting m2 correlation with bitcoin

This is a PSA for anyone who blindly trusts crypto influencers just because they sound smart or post slick charts showing things like M2 money supply vs Bitcoin price. Just because someone sounds rational doesn’t mean they are.

Take Colin Talks Crypto — a big voice in the space. On the surface, he posts about Bitcoin fundamentals, macro correlations, and "hard money" concepts. Seems reasonable, right?

Then he goes and shares Tucker Carlson interviews pushing COVID misinformation, claiming "the greatest crime in American history" was telling the truth about COVID and praising doctors who have been banned for spreading falsehoods. Here's a perfect example.

Also, this chart is pretty relevant considering a pro bitcoin anti-vax crypto influencer is now telling us crypto is going to go up.

lol

If someone is this uncritical when it comes to basic facts about science, what makes you think they’re a trustworthy source when it comes to crypto analysis?

Being wrong in one area shows poor judgment — and that lack of judgment can bleed over into the financial advice they're giving too. Just because someone got in early on Bitcoin doesn’t mean they know what they’re talking about now. Many of these influencers are just regular people with a YouTube channel or a Twitter account — not experts.

This isn’t about politics — it’s about critical thinking and not blindly following someone just because they say things you like about Bitcoin.

Remember:

  • Showing M2 charts ≠ intellectual credibility.
  • Having a calm voice and nice editing doesn’t mean someone isn’t pushing garbage.
  • Crypto influencers are not immune to conspiratorial thinking, and when they step out of their lane, it can get real weird.

Be skeptical. Always.

And someone better not try to shill Ben Cowen as the “logical” alternative just because he has a PhD in nuclear engineering. That man shilled a course that was unequivocally 100% wrong last cycle — he was telling people the cycle would continue when it had already ended. A PhD doesn’t mean anything when your predictions are still trash.

side note:

And for what it’s worth — I personally think Trump is lowkey pump-and-dumping the U.S. economy right now, and tomorrow’s market drop (if stocks really go down 20%) could force Jerome Powell into some serious emergency action. We might get dragged up whether we like it or not — but that’s no excuse to follow grifters.

submitted by /u/newslooter
[link] [comments]