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.
Devalued US dollar means higher BTC price. However, the chances of a 500K price by 2030 aren't very big. Maybe a global recession might occur(caused by Trump's tariffs) or maybe World War III will start by the end of this decade.
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.
That was never me, and I am proud of that. I have always believed that bitcoin could be 500k, I never said a certain time, ın ever said it would be 500k in this date or not, but I keep saying that it will be 500k, it will be 1 million dollars to. Go back on my posts and you will see that I always said bitcoin will do great, and it will reach 1+ million.
Why do I believe that? Well I believe gold marketcap is high, and bitcoin should be even higher, and for that to happen, bitcoin price needs to go higher. Gold is the walkman, to Bitcoins spotify, we have seen technology improve in every aspect of our life, why not gold? Bitcoin is a digital gold and we have known this since the start, so it should be better priced and be higher.