Bitcoin surged past $76,000 following Donald Trump's election victory on November 5, 2024. Analyst PlanB's stock-to-flow model is projecting a price of $500,000 for Bitcoin within the next four years, citing Trump's potential proposal to establish a national Bitcoin reserve which could increase buying pressure by adding 200,000 BTC annually. The stock-to-flow model predicts significant price increases after each Bitcoin halving, and while PlanB estimates a price between $250,000 and $1,000,000, he emphasizes uncertainty within this range. The new administration is expected to enhance institutional interest in Bitcoin, possibly implementing an executive order to allocate federal funds for Bitcoin purchases aimed at creating a BTC reserve akin to the gold standard. Notably, companies like MicroStrategy are also planning substantial acquisitions, with CEO Michael Saylor aiming to purchase 200,000 BTC over three years. Additionally, concerns regarding market manipulations such as 'spoofing' have emerged amidst the soaring prices, indicating potential challenges despite significant inflows into Bitcoin.

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