I think the 50K bull market has not begun yet. We have not been in that silent period with very less volatility though currently volatility is decreasing. For example, When you starts your trekking, what would you experience? First you will travel through plains and then climb the hill and again down to plains and then another big hill and so on. Such that, we have just climbed the hill and now we are downsloping, we have not found that plains yet. Good news is that hills are getting smaller and smaller that means we are nearing the plains, and also we have to travel through that plains before we get another hill to climb up. So, I think 50K or may be 100k btc is still very far than we are expecting.
Don't make your plans yet for a $50,000 = 1 BTC. We are still in a long uphill battle, so yes it will be very far specially at this point wherein the we have been struggling to get past $10,000. Don't get me wrong I also wanted to see that price one day, however, might takes us 2-5 years perhaps. My only advise is that we shouldn't hurry, bitcoin is still in its infancy stage and growth can be seen in the next coming years. And once we get to there, its going to be so much rewarding because of the time we have invested on it.
