Widely continuing cryptocurrency analysts and traders are bullish on Bitcoin (BTC) amid a 25% rise in flagship digital assets over the past month.
An analyst known as Kaleo told 697,200 followers of social media platform X that Bitcoin’s outlook would reach $500,000, saying “this bull market is more realistic than it sounds.”
According to Kaleo, a rating of 403% or more from current levels will occur in gold gatherings that Bitcoin has traditionally outperformed.
“Gold’s current market capitalization is $22.6 trillion.
Gold targets for the coming years are above $8,000 per ounce. This will bring the market capitalization to more than $50 trillion.
Bitcoin’s market capitalization is currently less than $2 trillion.
Just work with step on Gold and BTC reaches $250,000. BTC, several bull markets of the past, has far surpassed gold. Assuming double the amount of gold and gold, one BTC would have a market capitalization of $500,000, or about $10 trillion.
I really don’t know this is so crazy for the King of the Digital Asset Class. ”
Source: Cryptokaleo/X
Bitcoin is trading at $99,450 at the time of writing. Gold is changing hands at $3,362 per ounce.
The pseudonym analyst also said that other crypto assets will also be surged amid the Bitcoin rallies.
“I’m bullish enough to use Bitcoin, and I can’t see a world where BTC sends hundreds of thousands of dollars and doesn’t create speculative FOMOs (fears I’ve missed) on alternative crypto assets like I’ve never seen before.
Especially in the current regulatory environment under the Trump administration.
it doesn’t matter.
That’s when’s the question? ”
Generated Image: Midjourney
