Who knows what the blue line on this chart represents? 
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Replies (17)
Global M2
Nope!
🤔
Hashrate
Nope!
National debt?
Nope!
The line looks really familiar...
Did you see the hint? I guess your first answer could apply to it but in a different manner.
“Hint: If bitcoiners start educating newcomers about what this line represents, the line should begin to trend downward.”
Bitcoin held on exchanges?
Nope
UTXOs clearly 😉
gold?
DING DING DING
Nope! It’s UTXOs
View quoted note →
Also this is the absolute upper limit for how many people are currently actually owning bitcoin. In reality the number will be like1/500 of that.
Good point, never thought about that.