Bitcoin's market price is close to $77,000 with a 0.66% gain in the past 24 hours.
The Bitcoin Stock-to-Flow model predicts a price target of $500,000 for Bitcoin in the next four years.
Multiple future events, like the establishment of a National Bitcoin Reserve and Microstrategy's BTC acquisition plans, indicate Bitcoin's potential to reach the price target.
BTC currently trades at $76,745 with an 11.85% gain in the past seven days.