In the past, Bitcoin prices have followed the global money supply with a lag of about 10 weeks.
As the global money supply reached a new record of $108.5 trillion in October, the price of Bitcoin hit an all-time high of $108,000.
However, over the last 2 months, the money supply has decreased by $4.1 trillion to $104.4 trillion, the lowest level since August.
If this correlation holds, it means that the price of Bitcoin could drop by $20,000 over the next few weeks.
The rise in Bitcoin's popularity may be halted
