Bitcoin Price Correlates to FED Printing Balance Sheet

A bullish chart by Plan BTC shows that there is a positive correlation between the Bitcoin price and the stimulus being printed by the Federal Reserve and European Central Bank.

Since COVID the FED has added over $3.5 trillion dollars to their balance sheet (pushing the red line directly upwards on the chart), this indicates that if this correlation continues, then Bitcoin would reach over $650,000 (as the blue line catches up to the red line) and could even reach $1 Million.