Bitcoin topping $42,000 is just the start of a fresh crypto supercycle that will push the world’s biggest token above $500,000 in what adherents say is the new monetary order taking Wall Street by storm.

Such is the palpable sense of euphoria within the digital-assets community right now, where the largest token is coming off its third month of gains, adding another 11% so far in December to trade at its highest since the market began to implode in April 2022. All of the excitement about the surge is bringing out hyped-up predictions about further gains — most of them based on little else than intuition or obscure technical analyses.