Exploring the correlation between bitcoin, S&P500, M0 Supply.

There seems to have been a general correlation between the three for the past 2 years. My take is that when there is more money in circulation, the money becomes less valuable, but the value of bitcoins more or less stays the same. Therefore, the amount of money you need to buy bitcoin will rise to compensate and balance it out, and the same thing seems to be happening with the S&P500. So, if you can predict one of them (for example, if interest rates go up, M0 will go down), then you can predict the general trend for the other two.

Once again, this is just my take, and I'm wondering what you think about this.