Many even believe that in the next 10-15 years, bitcoin will surpass the market capitalization of gold. They even believe it could increase x10-x100 in the future. Are you underestimating bitcoin's potential by not believing it will hit $500k in the next 10 years?
. I will continue to support Bitcoin the way I can and buy more when it dips significantly again. But I will not be a blind investor at the same time, especially those who mislead people.
Admittedly, bitcoin reaching over $2 trillion in 16 years is an admirable record as no other asset has done that. But that doesn't mean it will easily reach $5 trillion or $10 trillion, let alone be able to compare or surpass gold.
Many people don't seem to understand the value of numbers and they just think that going from $100k to $1 million is similar to bitcoin going from $10 to $100. They only look at the price and forget that bitcoin's market capitalization is also a factor to consider.
I am really confused that there are still many people who believe that bitcoin can increase in price 10x or 100x in the next decade.