Personally I think the time frame is too short to hit the $500,000 mark.
What do you think?
Well if our money supply can score a solid 50% in a decade Bitcoin has to just score only 400% than. Do you know the statistics?
US M2 Money Increased $15T to $21T we're just stuck in a infinite number game loop. Your real assets , your gold price is not increasing just the purchaing numbers are increasing.
Over the decade we lost 35% our purchasing power, but this shouldn't be happened. Why we do need those extra numbers on our banks. Actually the whole finance system is corrupted.
Right now 6% people is using Bitcoin and owning it. We just need to acquire this number to 20% and Viola we hit Bitcoin at $500k
Name -- Holdings
Satoshi - 1.1 Million BTC
MicroStrategy - 329,00 BTC
Binance - 619,829 BTC
Grayscale - 238,000 BTC
US Government - 198,000 BTC
Bitfinex - 152,000 BTC
Chinese Govt - 194,000 BTC
Robinhood - 154,000 BTC
BlackRock - 582,000 BTC
Okx - 122,000 BTC
Fidelity Custody - 336,000 BTC
Total of 4,024,829 BTC, most likely they won't sell their BTC, dealing it like a Locked BTC
There's 3.7M lost BTC according to Chainalysis, and most likely they can't be recovered either
A total of 19.8 million BTC has been mined right now, so if we subtract Locked BTC+ Lost BTC from the total mined BTC, there will be only 12.08 million BTC for the public.
When bitcoin launched no one belived it could hit $1 at some point, when it was 300$ no kne belived it to be hit $1k
When it was $4k and made it's ATH to $20k no one one ready for it. Also it will go to $500k in no time. Haha let's see how this works around.