Analyst: Record Week for Bitcoin is Just the Beginning

A prominent analyst believes that the recent record week for Bitcoin (BTC) and other cryptocurrencies is just the beginning.

The news comes as the price of BTC continues to rise, reaching a high of $79,883 after entering at $59,253, according to HyperliquidX. This has resulted in a profit of $3.94 million for a mysterious trader who held this position for 60 days.

Meanwhile, Fox Business recently commented that Bitcoin 'may be a hedge to the dollar weakness', with an analyst stating 'Just wait for it to start running. Once it starts running and it gets back in that mainstream conversation, you get the appetite for it. It's up 20%.'