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.
Personally I think the time frame is too short to hit the $500,000 mark.
What do you think?
Here's the deal. Based on Bitcoin statistics published by sites on the internet, the total Bitcoin suppaly has reached 19,894,093 of the maximum supply of 21,000,000.
From the circulation of Bitcoin supply, there are still around 1,105,907 Bitcoin left
If the maximum amount of Bitcoin has run out, it means that we are already in the rare Bitcoin phase. When rare, what is the price /1BTC? 1,105,907 it takes a lot of time.
As long as that hasn't happened (scarcity), then all possibilities regarding prices can still occur according to supply and demand.
For Davinci, maybe his way of thinking is better than us and anyone can speculate on the price of Bitcoin, but don't expect certainty whether it is true or not.