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In the past, Bitcoin prices have followed global money supply with ~10 week lag. As global money supply hit a new record of $108.5 trillion in October, Bitcoin prices reached an all-time high of $108,000. Over the last 2 months, however, money supply has dropped by $4.1 trillion, to $104.4 trillion, the lowest since August. If the relationship still holds, this suggests that Bitcoin prices could fall as much as $20,000 over the next few weeks. Do you believe bitcoin will fall to 20,000? submitted by /u/Pllover12 |
Me at 2 am realizing my stop-loss didn’t stop and my portfolio is now a learning experience
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