Yes, it will take a while to reach $50,000. Many years.
But it will hit $5000 within the next 6 months.
A sustained $5000/BTC price would drive mining to attempt to consume about 0.3% of world wide power production. That is a lot, but at least is it
possible.
It might not be $5000, $2500 is more than enough and that's like 0.15% is that an reasonable amount of power?