A widely followed crypto analyst says that Bitcoin could follow in the historical footsteps of gold and spark a massive 6-figure rally but notes that the king cryptocurrency (BTC) has further to fall first.

“We could start to see an asset trade very similar to gold. I’m going to make the case today about how Bitcoin could very well be that asset, especially after going through a steady decline of 75% or so far, and will likely go through a decline of around 80 to 85% at bare minimum…

After that, we can have really green pastures for Bitcoin, starting [to] charter into that six-digit territory that many people have talked about since the previous bull market, towards $100,000, $200,000, you name it, as people start to lose faith in the base currency, the dollar being the world reserve currency.”

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