"According to Bloomberg, Bitcoin is replacing gold “more abruptly” than anticipated. Quotes a price potential of $400,000 in 2021."
Forget about the numbers...
This demonstrates how public opinion is generally improving.
Only in December did Bloomberg declare bitcoin to be in a huge bubble.
Bloomberg, welcome to the bubble.
It's obvious that 400k$ in 2021 is a bit too much for now, if you're going to base in the market cap of bitcoin which is already a trillion-dollar market cap it's a long way to reach the 400k$ price.
The higher the market price the bitcoin price has the riskier it is to invest in it, so for sure there will be a lot of up and down when we reach 100k$ above, even today we are still sustaining the price of 50k-65k$ and it takes time to put a lot of investors or money in the market, its gonna need a lot of dumps.
Just imagine how many years bitcoin takes to reach the price today, probably it takes 5-20 years as well to reach half a million dollars or a million dollars price.