Bitcoin’s price has broken past $76,000 after Donald Trump secured victory in the U.S. presidential election on November 5. This rally is drawing attention to Bitcoin’s potential as an investment, with notable forecasts suggesting even higher price targets.
Renowned Bitcoin analyst PlanB, creator of the stock-to-flow model, now sees Bitcoin reaching $500,000 within the next four-year cycle. This model, which has successfully predicted past price movements, uses Bitcoin’s fixed supply and issuance rate to estimate future values. According to PlanB, historical trends support the likelihood of significant price gains over the coming years.
PlanB highlights Trump’s proposal to establish a national Bitcoin reserve as a possible boost for demand, with the potential to add around “200,000 BTC per year” in purchasing volume. “If the stock-to-flow model holds, we could be in for a steep price climb from here,” he noted.
Summary Review: Following Donald Trump’s election victory, Bitcoin surged above $76,000, and prominent analyst PlanB now predicts it could reach $500,000 within four years, fueled by increased demand and potential policy shifts.
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