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