If bitcoin happens to reach $600,000 , I know say many person go rush sell there bitcoin. But e get people wey go sell all there coins without looking back morespecially those that have been holding for more than 10yrs and whales . Then go like take profits because this amount could be life changing some people fit decide to sell a fraction to meet up with there daily needs and hold the remaining one.
However, those people wey be strong long term holders may not even sell a fraction of there holding. If bitcoin don reach this level, e go dey accepted as a strong store of value globally and some holders fit just want hold and pass there bitcoin to there children in form of generational wealth instead of then converting it to money.
The question I want asked be say at $600,000 dollars will you see bitcoin as it has reached it's peak or still on its way to it's peak
If Bitcoin hit $600,000, na true say plenty people go cash out sharp-sharp, especially those wey don dey hold am for long or wey get plenty bags life changing money no dey come every day. But e still get die hard hodlers wey no go sell even one sat, because for their eye, Bitcoin still never reach peak.
For me, $600k no mean say na peak, market fit still surprise everybody. E fit be new starting point if global adoption enter full speed, but e fit still dump if hype cool. Na patience and plan go decide who go smile last.