This reminds me of a few years ago when I heard some people saying that within 10 years the price of bitcoin will reach $500,000. To be honest, I laughed a lot at that, but now looking at the price I'm starting to think that it's not impossible to happen. But I wonder how many years it would take for the price to reach $500,000. Maybe we'll need another 10 years. I think it will all depend on how the Trump administration will deal with bitcoin. If he can have a pro-bitcoin administration that creates good laws about bitcoin, it could increase the adoption of cryptocurrencies around the world because many countries tend to copy things that the US does.
To hit $500,000, it won't be all come from Trump administration because it will some more market cycles. How many more market cycles needed, I don't know. If Bitcoin makes its ATH in this cycle like $150,000 or $200,000, it's possible that $500,000 will be possible in next 2 or 3 more market cycles. 8 or 12 more years, is long in waiting time but time flies fast and soon we will come to 2028, 2032 and 2035 years very quickly.
Trump adminstration will be only one of bricks that contribute to success of Bitcoin, but it won't be a single factor for Bitcoin success and why it hits $500,000.