#Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
🙌 Vote to support your favorite creators: www.gate.com/activities/community-vote
Earn Votes by completing daily [Square] tasks. 30 delivered Votes = 1 lucky draw chance!
🎁 Win prizes like iPhone 16 Pro Max, Golden Bull Sculpture, Futures Voucher, and hot tokens.
The more you support, the higher your chances!
Vote to support creators now and win big!
https://www.gate.com/announcements/article/45974
‘More Realistic Than It Sounds’: Analyst Outlines How Bitcoin Could Explode to $500,000 in Current Cycle - The Daily Hodl
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC) amid the flagship digital asset’s 25% rise over the past month.
The analyst pseudonymously known as Kaleo tells his 697,200 followers on the social media platform X that the prospect of Bitcoin reaching a price of $500,000 during “this bull market is more realistic than it sounds.”
According to Kaleo, the appreciation of over 403% from the current level would come about amid a rally by gold, which Bitcoin has traditionally outperformed.
“The current total market cap for GOLD is $22.6 trillion.
My target for GOLD over the next few years is greater than $8,000 per ounce. This would put it’s market cap over $50 trillion.
Bitcoin currently has a market cap of less than $2 trillion.
Assuming it just performs in step with gold, BTC would hit $250,000. The past several bull markets, BTC has significantly outpaced gold. Assuming it does a 2x vs. gold, it would put one BTC at $500,000 and roughly a $10 trillion market cap.
I really don’t see how this is too insane for the king of the digital asset class.”
The pseudonymous analyst further says that other crypto assets will also surge amid the Bitcoin rally.
“As bullish as I am on Bitcoin, I don’t see a world where BTC sending to hundreds of thousands of dollars doesn’t create speculative FOMO (Fear of Missing Out) in alternative crypto assets like we’ve never seen before.
Especially with the current regulatory landscape under the Trump administration.
It’s not a matter of if.
It’s a matter of when.”
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Generated Image: Midjourney