Does US$ money supply correlate with XTC/US$ rate?

[Geremia]

Does US$ money supply correlate somehow with XTC/USD rate?

In early 2020, the Fed nearly doubled the money supply of US$ by printing more fiat (Le Sel de la terre n°115, Luc PACIOLI : Le fil rouge du mondialisme économique, p. 125). Did this affect XTC/USD exchange rate?

[Febo]

In early 2020, the Fed nearly doubled the money supply of US$ by printing more fiat ...

M2 or monetary supply of USD did not doubled in 2020, but increased 26%. From $15.416 billion to $19.395 billion. What you are asking about correlation I have no ideas. FED correlate money supply increase by the needs USA government have.

[STT]

Monetary supply wont be linear in its effects, the reason being fractional reserves make for dissimilar monetary expansion across various levels of the economy.   Its likely Dollar overall is at a lower value then prior to the idea of QE being introduced, the FED has the idea they can just counter act deflationary effects with new money and somehow avoid a recession occurring.   They are causing a loss of growth, one of the main aims of the FED is to avoid irregular markets, price crashes and a break in financing as was threatened in 2008 where fear was apparent in markets.
  It is impossible we have a perfectly calm market, at some point we will see prices vary rapidly.  Some think Gold will rise, some think BTC will gain where Dollar loses.   Overall I think Bitcoin will help avoid at least some of the failures of dollar but not all as the economy itself is impeded by the inflation of excessive fiscal budgeting and easy monetary policy.
   Watch Biden and his speech on spending 2 trillion dollars, see if you agree as its your money not his.