Re: Will Bitcoin Hit $500k before the end of the decade as predicted by Jeremie Davi
Pullback? We're at 120k, that was no pullback at all. Bitcoin used to correct at least 10% after an ATH and now it moves down by 3% and people scream pullback 
I feel like it can easily do $500k. You can find analysts talking about how little fiat is needed to move the price and it really takes just something like 1b $. Imagine that at many exchanges the total daily volume is just less than 1b USD, so that amount used for a single buy order can completely drain sellers and start a liquidation cascade. 1b USD is literally nothing when you compare that to how much billionaires can invest. For instance Bezos is worth 240b, so for these people to spend 500m or something on a thing they want is very doable. Any billionaire from the top 100 list could take bitcoin to 200k USD tomorrow.
I feel like it can easily do $500k. You can find analysts talking about how little fiat is needed to move the price and it really takes just something like 1b $. Imagine that at many exchanges the total daily volume is just less than 1b USD, so that amount used for a single buy order can completely drain sellers and start a liquidation cascade. 1b USD is literally nothing when you compare that to how much billionaires can invest. For instance Bezos is worth 240b, so for these people to spend 500m or something on a thing they want is very doable. Any billionaire from the top 100 list could take bitcoin to 200k USD tomorrow.