Will Bitcoin Hit $500k before the end of the decade as predicted by Jeremie Davi

[Swordsoffreedom]

Personally I think the time frame is too short to hit the $500,000 mark.
What do you think?

Before the end of decade is a long enough time, bitcoin grows fast, sometime explosively.
Just see this chart to know that 5 years which we have left until end of this decade is actually what it's all needed for bitcoin to reach that point



another factor is the rapid increasing money supply that helps bitcoin get that price faster.

There is no doubt that the price of bitcoin will continue to rise and explode in the next 5 years is certain and inevitable, no one denies that. But what we're discussing is whether it can reach $500k before the end of the decade, and to me, that's too big and unrealistic a goal. Where are we going to get trillions of dollars, and specifically $8 trillion, to take bitcoin to $500k? That's not a small amount of money and will be easy to come by even if adoption reaches global levels in the next 5 years.

In my opinion, bitcoin can reach $500k, but it will probably take 10-20 years or more, not the next 5 years.

[batang_bitcoin]

We're in a bull run and higher speculations are normally coming out at these times. But I admire those people like him that have always been bullish to Bitcoin ever since. So, $500k in a decade or for two cycles is possible IMHO. We want to see how high Bitcoin can reach for the last decade but let's just give an example of how much Bitcoin was a decade ago, so 2015 started the year with $200-$300 price and now look how much it is just in a decade. So that multiplier that Bitcoin has got is certainly a lot and we might see $500k possible although the multiplier should only get around 4.5x - 5x, might be not that much but with the expensive pricing, it will take time.

[justdimin]

We want to see how high Bitcoin can reach for the last decade but let's just give an example of how much Bitcoin was a decade ago, so 2015 started the year with $200-$300 price and now look how much it is just in a decade.

Considering 2015 for speculating about 2035 makes sense but the price level seems misleading to me; otherwise I guess you need to consider the ATH by 2015. Because, bitcoin is known for dumping up to ~80% in a bearish year which means we may get into a complete different price range if we consider the prices at random dates.

although the multiplier should only get around 4.5x - 5x, might be not that much but with the expensive pricing, it will take time.

By considering the 2021's ATH was just 3x from the previous ATH, I guess smaller multiplier will be more realistic. At the same time, bitcoin's fundamentals are suggesting about logarithmic appreciations of price level against constantly shrinking supply given that new adaption rate variable. So, I guess 500k is not a big thing for a decade of time.

[Ultegra134]

Pullback? We're at 120k, that was no pullback at all. Bitcoin used to correct at least 10% after an ATH and now it moves down by 3% and people scream pullback

I feel like it can easily do $500k. You can find analysts talking about how little fiat is needed to move the price and it really takes just something like 1b $. Imagine that at many exchanges the total daily volume is just less than 1b USD, so that amount used for a single buy order can completely drain sellers and start a liquidation cascade. 1b USD is literally nothing when you compare that to how much billionaires can invest. For instance Bezos is worth 240b, so for these people to spend 500m or something on a thing they want is very doable. Any billionaire from the top 100 list could take bitcoin to 200k USD tomorrow.

I know right, I've been seeing people here talking about pullback, and I'm asking myself if they're serious. How is a 2.5% fall a pullback? It's a minor correction at most, after surpassing the previous ATH. I don't understand why some people get discouraged after dropping from $123,000 to $117,000 - $119,000. Bitcoun is currently at its highest levels, yet, some are discussing about bear market, others about a major crash etc.

I don't know who this so-called analyst is, I don't really observe what others are saying, but I believe that it's almost impossible to end up with an accurate speculation for something that is so far away.

[348Judah]

Jeremie Davinci, one of Bitcoin’s longest-standing evangelists, just revealed a figure that stands out: $500,000. That is where he sees the Bitcoin price heading before the end of the decade.

Does he means decade from now or what, bitcoin after the next halving may get to $300,000 or even more base on the way it run and got pumped by its investors, we use each successful halving event in determining for it circle, whereby we may be able to say whether after the halving the market will rise or fall as the case may be, while on a general expectation, we see the up rising of the price to all time high as usual right from inception.

[YOSHIE]

Jeremie Davinci, one of Bitcoin’s longest-standing evangelists, just revealed a figure that stands out: $500,000. That is where he sees the Bitcoin price heading before the end of the decade.

If I speculate it does not mean the price of Bitcoin at this time the price at the level of $ 118k in the near future can penetrate to the $ 500k level, I think the speculation is not fundamental, I mean not Strong, there is no source that can believe in the price of Bitcoin at the end of the decade can occupy the price.

Not that the price does not rise to the level of $ 500k my speculation takes time maybe 5-10 years to reach that price, and even then look again with the current conditions of the world, especially the investor economy or bitcoin users themselves.

It takes a clear source that can be received at the end of the decade of Bitcoin prices can reach the price of $ 500k I think so.

[jaberwock]

There is no doubt that the price of bitcoin will continue to rise and explode in the next 5 years is certain and inevitable, no one denies that. But what we're discussing is whether it can reach $500k before the end of the decade, and to me, that's too big and unrealistic a goal. Where are we going to get trillions of dollars, and specifically $8 trillion, to take bitcoin to $500k? That's not a small amount of money and will be easy to come by even if adoption reaches global levels in the next 5 years.

In my opinion, bitcoin can reach $500k, but it will probably take 10-20 years or more, not the next 5 years.

Can't say "unrealistic", I agree that it is not probable, it is not easy, but "impossible" would be too stretch, it can definitely happen. What we are seeing is already 120k levels give or take, and that means we need go up about 4 times higher, and reaching 4 times higher isn't that impossible. We have about 4-5 years left, and that means at least one more cycle. So whatever peak we reach before this year ends, and then we will crash, and then next bull run, we need to go up some more.

For example, we reached nearly twice as big as last time. So realistic mind would say about 200k to 250k would be smart for the next one, I am one of them, but I would also not say 500k would be unrealistic, it is still on the cards. I hope we are wrong and they are right.

[Jegileman]

That figure is not one that we should predict to come in this bull run. Even the $200K most are predicting for the price of bitcoin have some set of people still doubting it reaching that price because the market is far from attaining the price even though it showed some significant progress recently which raise the brows of many that bitcoin will continue to grow and will get to $200K.

This is not a price I even think bitcoin might attain in the next bull cycle after this one, so it’s something we should start to deliberate more about at the next bull run. Everyone can predict a price and all price that is being predicted for Bitcoin to reach will definitely be attained by it, we just can’t say the exact time it will reach that figure but with this progress, it’ll continue to grow in price and value.

[skarais]

Whoever they are, you and they can always predict the price of Bitcoin. Its price will continue to rise over time, and we've all witnessed how powerful bitcoin is at dispelling the doubts of skeptics. Demand for bitcoin will increase year after year, and its scarcity allows the price to continue rising. However, because the market has two distinct cycles, high volatility is always possible along the way.

If during this year bitcoin can hit $200k as ATH, then there is confidence about hitting $500k as ATH again in the next bull season after halving. History will certainly never be the same or perhaps not repeat itself, but bitcoin is something that is so difficult to predict that anything can be expected so far.

[batang_bitcoin]

We want to see how high Bitcoin can reach for the last decade but let's just give an example of how much Bitcoin was a decade ago, so 2015 started the year with $200-$300 price and now look how much it is just in a decade.

Considering 2015 for speculating about 2035 makes sense but the price level seems misleading to me; otherwise I guess you need to consider the ATH by 2015. Because, bitcoin is known for dumping up to ~80% in a bearish year which means we may get into a complete different price range if we consider the prices at random dates.

I only mentioned about the price during the start of 2015 and yes, we should also consider ATH done by 2015. Its volatility really is something else and could reach the ceiling unstoppably but when it dumps a lot, it will be as low as it can be.

although the multiplier should only get around 4.5x - 5x, might be not that much but with the expensive pricing, it will take time.

By considering the 2021's ATH was just 3x from the previous ATH, I guess smaller multiplier will be more realistic. At the same time, bitcoin's fundamentals are suggesting about logarithmic appreciations of price level against constantly shrinking supply given that new adaption rate variable. So, I guess 500k is not a big thing for a decade of time.

We will have two more cycles within a decade so, if we say that 3x down to 1.5x or within the range of that for those two cycles in a decade, it's very likely that we'll see a $500k per Bitcoin.

[GeorgeJohn]

They're things to be considered as assumptions, from my understanding I may say that op is exaggerating, because we all know how Bitcoin price flows neither up or down, and people who has been investing on bitcoin for years has already know that bitcoin investment is all about understanding and all about your believes, so within thise dispensation I know that bitcoin price will not hit up to one hundred and fifty thousand [150k] talk more of five hundred thousand [500k] in this year

I know that bitcoin price is something that has to do with demands and supply but at this moment we have not seen a positive change that will trigger the price of Bitcoin to skyrocket to the expectation of op in caution, so bitcoin price increase base on the news of the year and investors that invest on bitcoin.

[davis196]

Jeremie Davinci, one of Bitcoin’s longest-standing evangelists, just revealed a figure that stands out: $500,000. That is where he sees the Bitcoin price heading before the end of the decade.

I'm actually curious about the timeframe for such a prediction. $BTC recently pulled back from highs of $123,000 and is now trading under $117,000, marking a 2.4% daily drop. So, this pullback has not shaken Davinci's outlook. Instead, he is doubling down with not just a price prediction but also a generational pitch.

Personally I think the time frame is too short to hit the $500,000 mark.
What do you think?

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.

[fuguebtc]

This decade will end in 2030, which means if the market cycle repeats itself, we will have another bull run before the decade is over.

To make things a little more realistic, we should wait for this bull season to end and see what the highest price bitcoin can reach is. Then it will be easier to predict the next cycle peak instead of just making vague predictions like now. If bitcoin can hit $250k or more in this cycle , $500k would be a realistic target for the next cycle but if we end this bull season below $150k. We should stop being delusional that bitcoin can reach $0.5 million in the next 4  years.

[lizarder]

This decade will end in 2030, which means if the market cycle repeats itself, we will have another bull run before the decade is over.

But it seems a little more difficult to reach the price conveyed by the OP because if Bitcoin is able to surpass the price there will be a big push as a definite step before reaching the price.

To make things a little more realistic, we should wait for this bull season to end and see what the highest price bitcoin can reach is. Then it will be easier to predict the next cycle peak instead of just making vague predictions like now. If bitcoin can hit $250k or more in this cycle , $500k would be a realistic target for the next cycle but if we end this bull season below $150k. We should stop being delusional that bitcoin can reach $0.5 million in the next 4  years.

More realistic waiting for new price changes so that we can see the direction of Bitcoin price movements at the peak of the next cycle. $250 thousand is also still too far when viewed at the current price movement but no one can guarantee. Because bitcoin can exceed anyone's expectations in the movement of new prices as happened in the previous several periods. So it is better to wait for the peak of the cycle to determine the steps to the price of Bitcoin because now the most realistic towards the price of $150 thousand to $200 thousand first.

[danherbias07]

Is this really about Bitcoin or an Airdrop?

It's like clickbait, and I believe this is not a cool way to gain some audience from the members here in the forum. I guess I will just answer the first question or the title question.

10 years. That's a long time before that happens. Bitcoin $500k in 10 years seems to be a lot to predict. I believe it could happen, but I don't think it will be in 10 years. The growth in the crypto industry is actually going slower, as many digital cash applications are coming out. Sure, it became a good investment, but that's not really the purpose of it. I think it can grow more when used as a currency, and I bet it will be a better world with Bitcoin in the future as a main currency.

[Ultegra134]

We're in a bull run and higher speculations are normally coming out at these times. But I admire those people like him that have always been bullish to Bitcoin ever since. So, $500k in a decade or for two cycles is possible IMHO. We want to see how high Bitcoin can reach for the last decade but let's just give an example of how much Bitcoin was a decade ago, so 2015 started the year with $200-$300 price and now look how much it is just in a decade. So that multiplier that Bitcoin has got is certainly a lot and we might see $500k possible although the multiplier should only get around 4.5x - 5x, might be not that much but with the expensive pricing, it will take time.

We're currently in a bull market but according to the 4 year cycles, 2025 is the last year of the bull market. Thus, by 2030, after undergoing another bearish cycle, we'll enter the bull market once again. Thus, it's quite possible we'll see a new ATH by then, however, $500,000 is more than 4 times the current Bitcoin's price, something which I'm not too convinced that it's possible so soon. A target of $250,000 to $300,000 seems more realistic if you ask me.

[hyudien]

Many analyst both well-known and unidentified predict Bitcoin will reach $500k or more in the next four years. While these numbers are certainly interesting and could encourage new adopters to start investing, these are just predictions, and we don't know if the results will be the same. I personally hope that happens but it's better to focus on the goal of increasing our Bitcoin holdings. I'm confident that whether it's in the next four or ten years Bitcoin will reach that point and provide attractive returns.

And there are a lot of people who loves to see this kind of predictions. I mean it might encourage some investors to pour their money and get excited, or this individuals are really doing a hype on Bitcoin itself.

But at the end of the day, as what we have said, this is just prediction and now one can predict the future. But we can do is just look at the historical logs and see where the price might goes. It might be in the next halving. So as you have said, maybe in the next ten years, when the market is really being appreciated by a lot of investors that we might see bitcoin hitting a staggering $500k.

There one concern about the enticing predictions for Bitcoin, while they can attract many new users they can also backfire. Without an understanding of Bitcoin, they can lead them to make the wrong move. This means they buy in hopes of big profits without preparing for the risk of failure if the predictions are wrong and let's not forget the bear market that always scares new users. I personally don't oppose these predictions, as analysts base them on data, however as we know no prediction is accurate. It's better to teach them how to consistently invest without being lured by the promise of fantastic price increases in the future. Bitcoin will certainly reach that point sooner or later. We just have to wait patiently.

[Iranus]

I personally don't oppose these predictions, as analysts base them on data, however as we know no prediction is accurate. It's better to teach them how to consistently invest without being lured by the promise of fantastic price increases in the future. Bitcoin will certainly reach that point sooner or later. We just have to wait patiently.

What data? As I see it, people who make predictions for the next 5 or 10 years and predictions like $500,000, $1 million or more. They hardly provide any analysis or data to make their predictions credible. They seem to just make predictions randomly and with the intention of attracting the attention of the crowd instead of making predictions they believe will happen.

Or they have other purpose like you said, they want more newbies to enter the market, more Fomo in the market to push the price of bitcoin as high as possible and they can close the profit with better profit.

Everyone has the right to make any prediction because it is everyone's right but honestly, I don't like these kind of predictions because it will harm the newbies.

[Pandu Geddon]

What data? As I see it, people who make predictions for the next 5 or 10 years and predictions like $500,000, $1 million or more. They hardly provide any analysis or data to make their predictions credible. They seem to just make predictions randomly and with the intention of attracting the attention of the crowd instead of making predictions they believe will happen.

Or they have other purpose like you said, they want more newbies to enter the market, more Fomo in the market to push the price of bitcoin as high as possible and they can close the profit with better profit.

Everyone has the right to make any prediction because it is everyone's right but honestly, I don't like these kind of predictions because it will harm the newbies.

If the speculation only involved a Bitcoin price target that would reach $500k in the future, many would be optimistic that it would happen. But with the added focus on when the target is reached, many would probably say the speculation is just a ploy to attract attention from newcomers.
Just like in the past, when people talked and speculated Bitcoin reaching $100k, many were optimistic and believed, but as for the timing, we never saw anything specifically accurate.

[Smack That Ace]

We're in a bull run and higher speculations are normally coming out at these times. But I admire those people like him that have always been bullish to Bitcoin ever since. So, $500k in a decade or for two cycles is possible IMHO. We want to see how high Bitcoin can reach for the last decade but let's just give an example of how much Bitcoin was a decade ago, so 2015 started the year with $200-$300 price and now look how much it is just in a decade. So that multiplier that Bitcoin has got is certainly a lot and we might see $500k possible although the multiplier should only get around 4.5x - 5x, might be not that much but with the expensive pricing, it will take time.

We're currently in a bull market but according to the 4 year cycles, 2025 is the last year of the bull market. Thus, by 2030, after undergoing another bearish cycle, we'll enter the bull market once again. Thus, it's quite possible we'll see a new ATH by then, however, $500,000 is more than 4 times the current Bitcoin's price, something which I'm not too convinced that it's possible so soon. A target of $250,000 to $300,000 seems more realistic if you ask me.

People are too optimistic and forget that the more mature and bigger bitcoin gets, the slower its growth. It will not be able to increase exponentially x3, x5 like previous cycles.

Like the current cycle, although the bull season is not over yet, but if we compare it to the 2021 peak of $69k. Bitcoin hasn't even doubled yet, let alone bigger goals like x3 or x5.

If this bull run ends and Bitcoin hits all-time high of $150k, I doubt Bitcoin can hit $300k in the next cycle, let alone $500k.