Don't Worry, Modern Monetary Theory Itself Is Supporting Bitcoin's Rally

Modern economies are operating on the framework of Modern Monetary Theory that the issuance of currencies is not backed by any assets of scarcity.Quantitative Easing adds to the supply of money but the tools to regulate and increase the demand for money are broken, while the Fed shows no sign of slowing down.The Fed is counting on manipulating consumer behavior ("managing expectations") to avoid inflation to continue QE, but the final straw may be drawn when weekly M2 money supply is discontinued.It is not unreasonable to expect inflation amid ongoing QE and strong economic recovery, but global gold ETFs have seen net outflow while Bitcoin trusts and ETFs see AUM gains.More companies are adding Bitcoin to their balance sheet to seek safe haven while vehicles such as Bitcoin trusts and Bitcoin ETFs further contribute to industrial adoption.