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Just another bubble? Bitcoin price tops follow Chinese debt cycles, new research shows By Cointelegraph

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Just another bubble? Bitcoin price tops follow Chinese debt cycles, new research shows

(BTC) may be hitting new all-time highs, but it may just be another bubble, new research suggests.

Unveiling a theory that could well rile Bitcoin bulls, analytics guru Material Scientist revealed what seems to be a strong correlation between Bitcoin price cycles and Chinese debt cycles.

Bitcoin liquid index vs. Chinese debt cycle data vs. chart (excerpt). Source: Material Scientist/Twitter