There is no doubt that the price of bitcoin will continue to rise and explode in the next 5 years is certain and inevitable, no one denies that. But what we're discussing is whether it can reach $500k before the end of the decade, and to me, that's too big and unrealistic a goal. Where are we going to get trillions of dollars, and specifically $8 trillion, to take bitcoin to $500k? That's not a small amount of money and will be easy to come by even if adoption reaches global levels in the next 5 years.
In my opinion, bitcoin can reach $500k, but it will probably take 10-20 years or more, not the next 5 years.
Can't say "unrealistic", I agree that it is not probable, it is not easy, but "impossible" would be too stretch, it can definitely happen. What we are seeing is already 120k levels give or take, and that means we need go up about 4 times higher, and reaching 4 times higher isn't that impossible. We have about 4-5 years left, and that means at least one more cycle. So whatever peak we reach before this year ends, and then we will crash, and then next bull run, we need to go up some more.
For example, we reached nearly twice as big as last time. So realistic mind would say about 200k to 250k would be smart for the next one, I am one of them, but I would also not say 500k would be unrealistic, it is still on the cards. I hope we are wrong and they are right.