CandleFocus Bitcoin Bull Run : Will BTC Hit $400k in the Next Cycle?
2024-09-24
Author: Content Editor
Bitcoin has gained confidence from both retail and institutional investors and is on the verge of being adopted by all nation-states as a reserve currency. Experts believe Bitcoin will eventually be used to settle global national debts, which have reached over $300 trillion. Analysts predict that Bitcoin's next bullish phase could result in a price rally to around $400,000 based on the long-term power law and PlanB's stock-to-flow model. The ongoing global economic shift and de-dollarization have further contributed to the mainstream adoption of Bitcoin.
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