So here, what we really want to understand is the probability of bitcoin reaching $500,000. The market cap will have to be $8 trillion dollar for bitcoin to hit that landmark. So do you think there is a little probability for that?
$500,000 USD? Hehe. That right there is pretty far-fetched. However, I easily understand bitcoin increasing in value, but probably not that fast.
Now that i think of it however, it could actually be possible, probably if all exchanges suddenly break down and millions of bitcoin are suddenly frozen. The remaining bitcoin would either be so valuable or probably useless already (faith lost in bitcoin and crypto).