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Bitcoin Pops To New $77,200 Record High As Analyst PlanB Foresees Epic Path To $500,000

  • Renowned crypto analyst and creator of the stock-to-flow model, PlanB, predicts that Bitcoin could reach $500,000 in the next four-year cycle based on historical patterns.
  • Bitcoin crossed the $77,000 mark for the first time following Donald Trump's election win and the Federal Reserve's rate cut.
  • PlanB suggests that Trump's proposal to establish a national BTC reserve could act as a catalyst for demand, potentially adding '200,000 BTCs per year' in buying pressure.
  • Jan Van Eck also predicts new highs for Bitcoin, with a potential value of $300,000 based on his belief that Bitcoin's value will be half that of all the gold outstanding.

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