Bitcoin Surges to $76K Following Trump Victory: PlanB Predicts $500K Target
Bitcoin Surges to $76K Following Trump Victory: PlanB Predicts $500K Target Key Takeaways Bitcoin reached $76,000 following Donald Trump’s election victory on Nov. 5. PlanB’s stock-to-flow model projects a $500,000 BTC price target within the next four years. Trump’s proposal for a national BTC reserve may fuel demand and drive prices higher. Institutional interest is growing with companies like MicroStrategy planning major BTC acquisitions. “Spoofing” concerns raise questions over market manipulation in crypto trading. Stay informed with real-time crypto news on Gnosis News — only $1 a week! Subscribe Now By Gnosis News | November 9, 2024 Introduction In the wake of Donald Trump's election victory, Bitcoin prices surged past $76,000. Market analyst PlanB has projected even higher gains, forecasting a potential $500,000 price within four years, supported by the stock-to-flow model, a valuation approach based on Bitcoin’s finite supply and regula...
Comments
Post a Comment