PlanB Looks Into Two Factors That Could Fuel The Next Bitcoin Rally

According to crypto analyst known as PlanB, there are two factors that could fuel next major waves for Bitcoin (BTC).

In a recent interview with Blockware Intelligence, the analyst discussed about events or developments that could catalyst the next big adoption wave for leading crypto asset.

“If you would have asked that question five years ago, I wouldn’t have thought of everything that has happened since. It’s probably something we don’t know right now that will propel us to the next levels. But if we just extrapolate from what we know, a second or third El Salvador would really change the game. If El Salvador, a small country, would not be alone in Latin America, but if Mexico, Brazil, or Argentina would join them, that would make the case so much stronger and so much more difficult for the IMF (International Monetary Fund) to crush. That’s something I really watch.”

PlanB also pointed out that growing crypto adoption by regular people will lead to massive rallies for Bitcoin, especially when combined with institutional adoption.

“And then, just normal demand from normal people that go through the institutions – people putting their pensions in Bitcoin… People buying Bitcoin themselves from an exchange… I see it all around me.

There are a lot of people who think this is a good time to buy Bitcoin… A lot more people are asking, ‘Hey, how do you set up a wallet?’ And I think that very small adoption is also very important, and that’s what we’re seeing as well.”

At the time of writing, BTC trades at $40,706, after dipping below $40K.