Bitcoin to rally more than $500k says some crypto analyst.
Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see retracement to $40k before any move so as to gather enough momentum.
Bitcoin has more buying pressure on it now than ever because of;
ETF approval which open room for more investors to invest and minimize there risk thereby holding more coins .
Election would also have impact on it move, because of general election coming up in over 50 countries of the world.
Inflation taking it lead.
Tension in economy of countries,etc.
But holding till September 2025 would be worth it since the bull run will last till then.
My question is who buys Bitcoin at that price..?
Will the value of Bitcoin keep increasing after then?
Your question may be if bitcoin reaches $500k no one will buy bitcoin? Can you imagine if Bitcoin reaches $500k people will invest the way they are investing now. If Bitcoin goes to $500k it will probably be higher so people will keep investing waiting for the next new ATH. Since the number of bitcoins cannot be increased, but the popularity of bitcoins is constantly increasing, there will come a time when the price will be beyond imagination. So Bitcoin will grow and grow at its own pace.