If that happens im going to buy a lot, but since its just a dream since , there is no way we are going to see that price, and as other said lots of people will buy, since they know what can happen a few bitcoin in that price is enough and keep it, sometimes you need to gamble on something, since we never know what could happen next, only people know the real value will not think twice.
From the current situation, $500 will only happen when most people lose confidence in Bitcoin. When people no longer find any potential in Bitcoin. If Bitcoin is dead, then we may see the price so low. These fantasies are definitely unrealistic. Currently, countries are trying to preserve Bitcoin by considering Bitcoin as digital gold. Some countries have also completed the initial stages of creating a reserve currency. When people are accepting Bitcoin as an alternative to gold, then considering the price of Bitcoin at $500 is not consistent with reality.
I am very surprised about the way some people think like the market can follow their ignorant mindset about Bitcoin. Bitcoin has nothing to do with price at $500 looking at how far the price has gone. Bitcoin is already at $117k and if the price can go as low as $500 then that means the market will crash and many altcoins will not be in existence.
Even though the market is being manipulated to the core, it will be very hard for the price of Bitcoin to go down below $20k and not $500 based on the matter of discussion. If anything happens to the price of Bitcoin, the price of cryptocurrency will crash especially many of the altcoins we are seeing in the market.