Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?
In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?
Well, this is just an assumption but honestly bitcoin remains a top investment asset, and if the price goes to $500, this could be consider a total market crash and many people will lose interest on bitcoin. However, bitcoin will never come to $500, on whatever circumstances or assumption in my opinion.