According to @bobbyong, BTC is a hedge against USD inflation and should remain up-only while the money printer runs, as stated in his X post on Sep 6, 2025. Source: Bobby Ong on X, Sep 6, 2025. Under this thesis, traders should monitor USD liquidity proxies such as US M2 money supply and the Federal Reserve balance sheet total assets to gauge directional bias for BTC. Sources: Federal Reserve Bank of St. Louis FRED M2SL; Board of Governors H.4.1 Statistical Release. CPI prints and FOMC policy decisions are near-term volatility catalysts for BTC because they inform inflation and liquidity paths that underpin this view. Sources: U.S. Bureau of Labor Statistics CPI; Federal Reserve FOMC statements.

According to Miles Deutscher, the USD has significantly lost its buying power since 2000, with a discrepancy of 275% from official CPI readings. This suggests that inflation is underestimated, highlighting the importance of holding assets like Bitcoin and gold to hedge against inflation.