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.