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.
Personally I think the time frame is too short to hit the $500,000 mark.
What do you think?
5 years ago, I thought that a 500K USD Bitcoin price is impossible. I thought that even a 100K BTC price was impossible.
Now I think that a 500K BTC price by the end of the decade is totally possible. It's not because Bitcoin is so amazing and unique. The BTC price might hit 500K because the process of global de-dollarization would accelerate, which would devaluate the US dollar even further.
Another problem is that such price pump to 500K should be supported by the US government and I don't believe that the Republicans will have a president in 2028. The Democrats will return to power and they aren't very friendly towards mass crypto adoption.