Bitcoin: Stock, Credit, and Real Estate markets are forming huge bubbles! Bitcoin as hard money is forming a base

On Tuesday we showed some proof that Bitcoin had bottomed or was very, very close to a bottom.  Price was in the high $19K’s and now it has touched $21K.  No garauntees, but we feel confident, Bitcoin won’t dip much lower than these levels.  Let’s look at what other markets are doing as Bitcoin remains in consolidation, and forms it’s base on the charts.

M2 Money supply has been slowly rising since 1971, when President Nixon took the US off the Gold standard.  Since then the US dollar has been backed by the US Military, and nothing else.  See this recent M2 money supply chart.  It’s not too recent since the chart was discontinued by the FED!  Here is the money supply chart:

Note the vertical grey bars are recessions.  Since 2008, M2 money supply has gone parabolic.  Is that sustainable?  Next look at the median price of homes sold in the US.  Like money supply from the Fed, home values have risen sharply since 1971.  Remember, valuable fixed assets like land and real estate really just track money supply growth.  If land prices go off a cliff with real estate this fall, and into next year.  We will be looking into investing into more land.  Now, as for median home price trends, here is that chart:  

Finally here is a chart on the number of hours of US average wage pay required to buy 1 share of the S&P500:

Stocks are still extremely over bought!  Don’t believe us?  See this chart for S&P 500 price to sales ratio: