‘More Realistic Than It Sounds’: Analyst Outlines How Bitcoin Could Explode to $500,000 in Current Cycle
A widely followed cryptocurrency analyst and merchant is optimistic about Bitcoin (BTC) in the middle of the 25% increase in flagship digital assets during the last month.
The analyst known in a pseudonym manner under the name of Kaleo tell Its 697,200 subscribers on the X social media platform that Bitcoin's prospect reaching a price of $ 500,000 during “this bull market is more realistic than it seems”.
According to Kaleo, the appreciation of more than 403% of the current level would occur in the middle of a gold rally, which Bitcoin has traditionally surpassed.
“The current total market capitalization for gold is $ 22.6 billions of dollars.
My gold goal in the coming years is more than $ 8,000 per ounce. This would put its market capitalization of more than 50 dollars.
Bitcoin currently has a market capitalization of less than 2 dollars.
Assuming it operates just as a step with Gold, BTC would reach $ 250,000. During several bull markets, the BTC has considerably exceeded gold. Assuming that he made a 2x against gold, he would put a BTC at $ 500,000 and approximately a market capitalization of 10 billions of dollars.
I really do not see how it is too crazy for the king of the class of digital assets. »»
Bitcoin is traded at $ 99,450 at the time of the editorial staff. Gold changes hands at $ 3,362 per ounce.
The pseudonym analyst later said These other cryptographic assets will also increase in the middle of the Bitcoin rally.
“As bullish as I am on Bitcoin, I do not see a world where the BTC sends hundreds of thousands of dollars does not create speculative Fomo (fear of missing) in alternative cryptographic assets as we have never seen before.
Especially with the current regulatory landscape under the Trump administration.
It is not a question of IS.
It's a question of moment.
Follow us X,, Facebook And Telegram
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
