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1813: “Bitcoin Will Surpass $500,000 This Cycle - Here’s When”
Nov 9, 2024
Bitcoin recently hit $77,000, spurred by political shifts and expert forecasts. The stock-to-flow model suggests a staggering price of $500,000 in the coming cycle. Analysts discuss the behavior of major 'whales' and advocate for long-term Bitcoin accumulation. Bullish chart patterns and market dynamics reveal an optimistic outlook, with MicroStrategy leading substantial investments. Updates on Bitcoin-related stocks and Ethereum's potential offer further insights into this rapidly evolving landscape.
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Quick takeaways
- Bitcoin's price surge post-elections indicates strong investor sentiment and potential regulatory changes, suggesting future growth towards $500,000.
- BlackRock's Bitcoin ETF surpassed gold in assets, highlighting increasing institutional interest and a shift in investor preferences towards cryptocurrencies.
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