Money supply is a factor, but you also have to take into account money velocity.

You can print a trillion dollars in a single day, but it needs to be transacted in order for the inflation to start spreading across asset classes (see: Milton Friedman)


Not saying you are wrong, but money supply alone isn't necessarily indicative of inflation

The money supply of a country is a major contributor to whether inflation occurs. As a government evaluates economic conditions, price stability goals, and public unemployment, it enacts specific monetary and fiscal policies to promote the long-term well-being of its citizens. These monetary and fiscal policies may change the money supply, and changes to the money supply may cause inflation.

bitcoin

Bitcoin Market Cap Growth vs M2 Money Supply Growth

>The money supply of a country is a major contributor to whether inflation occurs. As a government evaluates economic conditions, price stability goals, and public unemployment, it enacts specific monetary and fiscal policies to promote the long-term well-being of its citizens. These monetary and fiscal policies may change the money supply, and changes to the money supply may cause inflation.

https://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp