Market Trends & Dynamics - Bitcoin's price action resembles that of high-growth NASDAQ companies due to increasing adoption and understanding of its value as a store of value [1] - Debt-funded speculation contributes to Bitcoin's price volatility, similar to hot stocks [1] Investment Signals - "Sound money" or "debasement trade" signals (global money supply, gold price, real bond yields) are currently secondary to Bitcoin's learning curve [1] - These debasement trade signals are expected to become dominant once Bitcoin's adoption curve matures [1] External Commentary - M2 chart analysis is facing challenges [2]