Jeremie Davinci, one of Bitcoin’s longest-standing evangelists, just revealed a figure that stands out: $500,000. That is where he sees the Bitcoin price heading before the end of the decade.
I'm actually curious about the timeframe for such a prediction. $BTC recently pulled back from highs of $123,000 and is now trading under $117,000, marking a 2.4% daily drop. So, this pullback has not shaken Davinci's outlook. Instead, he is doubling down with not just a price prediction but also a generational pitch.
For daily correction basically does not limit the predictions made by him because he might take the overall indicator in the prediction process made. But to be honest, I am a little pessimistic about that price in the near future because it might need a big boost before. The most rational I saw the number $ 250,000- $ 300,000 and that was only my predictions personally because of some basic considerations before the price pushed the range.
The price surge at the highest point so far makes investor confidence even higher and maybe if you see an increasingly widespread adoption there is no harm in making the prediction of Bitcoin prices reaching $ 500,000 and this is only a matter of time before Bitcoin reaches that price.
Personally I think the time frame is too short to hit the $500,000 mark.
What do you think?
Historically the ratio of price movements in that period will be a little faster because to reach the price of $ 500,000 it is necessary to have a large consolidation that can encourage bitcoin to reach the price but no one can confirm accurately to the price achievement process as predicted by Jeremie Davinci.