BTC's bullrun may not have started yet
I was watching Benjamin Cowen's channel, and his ideia to calculate bitcoin's price against the money supply WM2NS, and I had an ideia. Why not try to see BTC against WM1NS? Benjamin Cowen also says many times that this cicle is very early, wich I always agreed with and found weird, why is it not behaving accordingly to previous cicles? After seeing this chart, it looks to me that the 2017 ATH hasn't been breached yet, that would mean that an actual bitcoin bull cicle hasn't started yet, and it may be just another local top on a long bear market. So, could we be set for an explosion in BTCUSD valuation? Anyway, this is just a curiosity that caught my attention, and I thought about sharing. Cheers!
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