{"id":599015,"date":"2024-03-21T20:00:20","date_gmt":"2024-03-21T20:00:20","guid":{"rendered":"https:\/\/wncen.com\/?p=599015"},"modified":"2024-06-11T07:21:33","modified_gmt":"2024-06-11T07:21:33","slug":"crypto-expert-bitcoin-500000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-expert-bitcoin-500000\/","title":{"rendered":"Crypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000"},"content":{"rendered":"

Crypto experts and analysts have <\/span>given their opinions<\/span><\/a> on how Bitcoin could rise in this bull cycle, with some opining that the flagship crypto token could rise <\/span>to as high as $237,000<\/span><\/a>. Now, this crypto expert has given a more ambitious price prediction, raising the possibility of Bitcoin hitting $500,000.\u00a0<\/span><\/p>\n

Bullish Sentiment Shows Bitcoin Can Reach $500,000<\/h2>\n

Crypto analyst Micha\u00ebl van de Poppe<\/span><\/a> mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that the likelihood of BTC reaching $500,000 long-term is \u201cdefinitely there.\u201d He based this assertion on the \u201coverly bullish sentiment,\u201d which he noted is great for Bitcoin.\u00a0<\/span><\/p>\n

Related Reading: Crypto Expert Reveals Why XRP Price Will Rise 1,700% To $10<\/a><\/div>\n

On the road to $500,000, Micha\u00ebl van de Poppe noted that \u201ccorrections will happen and they will be rough.\u201d However, he believes this shouldn\u2019t deter investors but serve as a \u201cgiant buying opportunity,\u201d especially when <\/span>BTC corrects 20% or more<\/span><\/a>. This has been the case with <\/span>Michael Saylor\u2019s MicroStrategy<\/span><\/a>, which has continued to buy on Bitcoin dips and now holds <\/span>1% of Bitcoin\u2019s circulating supply<\/span><\/a>.\u00a0\u00a0<\/span><\/p>\n

Interestingly, a pseudonymous crypto analyst (Bitcoin Munger) also <\/span>recently shared<\/span><\/a> their Bitcoin target of $500,000. Unlike Micha\u00ebl van de Poppe, who didn\u2019t provide a specific time frame, this analyst hinted at Bitcoin hitting this price level by mid-2025. Meanwhile, Bitcoin Munger echoed Micha\u00ebl van de Poppe\u2019s sentiment, stating there will be many \u201cscary drops along the way.\u201d<\/span><\/p>\n

Significant price corrections in this bull cycle look inevitable, and different crypto analysts have continued to emphasize this point. <\/span>Alex Thorn<\/span><\/a>, Head of Research at Galaxy Digital, also <\/span>mentioned<\/span><\/a> that corrections are expected as the market doesn’t move to the upside unfettered, even in a bull market.\u00a0<\/span><\/p>\n

The Most Ambitious BTC Price Prediction Yet<\/h2>\n

So far, the most ambitious Bitcoin price prediction is still from Jan3 CEO and Bitcoiner <\/span>Samson Mow<\/span><\/a>. Mow <\/span>predicts<\/span><\/a> that BTC could hit $1 million this year. He alluded to the imbalance <\/span>between BTC’S demand and supply<\/span><\/a>, which is why he believes the flagship crypto token can reach such heights.\u00a0<\/span><\/p>\n

Related Reading: Top 3 Solana Meme Coins To Buy Amid The Bitcoin Crash That Could 10x<\/a><\/div>\n

Mow believes that Bitcoin\u2019s price will \u201creact accordingly\u201d as demand for the crypto token outpaces miners\u2019 supply. This supply will be <\/span>cut in half<\/span><\/a> when the Halving event takes place in April. The aftermath of the event can create a <\/span>potential scarcity for BTC<\/span><\/a>, which will undoubtedly help drive its price up. However, BTC at $1 million still looks unimaginable.\u00a0<\/span><\/p>\n

At the time of writing, Bitcoin is trading at around $67,300, up over 7% in the last 24 hours according to data from CoinMarketCap.<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC drives another market recovery | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Newsbit, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto experts and analysts have given their opinions on how Bitcoin could rise in this bull cycle, with some opining that the flagship crypto token could rise to as high as $237,000. Now, this crypto expert has given a more ambitious price prediction, raising the possibility of Bitcoin hitting $500,000.\u00a0 Bullish Sentiment Shows Bitcoin Can Reach $500,000 Crypto analyst Micha\u00ebl van de Poppe mentioned in an X (formerly Twitter) post that the likelihood of BTC reaching $500,000 long-term is \u201cdefinitely there.\u201d He based this assertion on the \u201coverly bullish sentiment,\u201d which he noted is great for Bitcoin.\u00a0 Related Reading: Crypto Expert Reveals Why XRP Price Will Rise 1,700% To $10 On the road to $500,000, Micha\u00ebl van de Poppe noted that \u201ccorrections will happen and they will be rough.\u201d However, he believes this shouldn\u2019t deter investors but serve as a \u201cgiant buying opportunity,\u201d especially when BTC corrects 20% or more. This has been the case with Michael Saylor\u2019s MicroStrategy, which has continued to buy on Bitcoin dips and now holds 1% of Bitcoin\u2019s circulating supply.\u00a0\u00a0 Interestingly, a pseudonymous crypto analyst (Bitcoin Munger) also recently shared their Bitcoin target of $500,000. Unlike Micha\u00ebl van de Poppe, who didn\u2019t provide a specific time frame, this analyst hinted at Bitcoin hitting this price level by mid-2025. Meanwhile, Bitcoin Munger echoed Micha\u00ebl van de Poppe\u2019s sentiment, stating there will be many \u201cscary drops along the way.\u201d Significant price corrections in this bull cycle look inevitable, and different crypto analysts have continued to emphasize this point. Alex Thorn, Head of Research at Galaxy Digital, also mentioned that corrections are expected as the market doesn’t move to the upside unfettered, even in a bull market.\u00a0 The Most Ambitious BTC Price Prediction Yet So far, the most ambitious Bitcoin price prediction is still from Jan3 CEO and Bitcoiner Samson Mow. Mow predicts that BTC could hit $1 million this year. He alluded to the imbalance between BTC’S demand and supply, which is why he believes the flagship crypto token can reach such heights.\u00a0 Related Reading: Top 3 Solana Meme Coins To Buy Amid The Bitcoin Crash That Could 10x Mow believes that Bitcoin\u2019s price will \u201creact accordingly\u201d as demand for the crypto token outpaces miners\u2019 supply. This supply will be cut in half when the Halving event takes place in April. The aftermath of the event can create a potential scarcity for BTC, which will undoubtedly help drive its price up. However, BTC at $1 million still looks unimaginable.\u00a0 At the time of writing, Bitcoin is trading at around $67,300, up over 7% in the last 24 hours according to data from CoinMarketCap. BTC drives another market recovery | Source: BTCUSD on Tradingview.com Featured image from Newsbit, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":599029,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790,6664,90232,14690,91847],"class_list":["post-599015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-expert","tag-crypto-news","tag-expert"],"acf":[],"yoast_head":"\nCrypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000<\/title>\n<meta name=\"description\" content=\"Crypto experts have given their opinions on how Bitcoin could rise this 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000","url":"http:\/\/wncen.com\/news\/crypto-expert-bitcoin-500000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-expert-bitcoin-500000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_7ef58e.jpeg?resize=200%2C170","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_7ef58e.jpeg?fit=297%2C170"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto expert","crypto news","expert"],"dateCreated":"2024-03-21T20:00:20Z","datePublished":"2024-03-21T20:00:20Z","dateModified":"2024-06-11T07:21:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-expert-bitcoin-500000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-expert-bitcoin-500000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Bitcoin_7ef58e.jpeg?resize=200%2C170\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Bitcoin_7ef58e.jpeg?fit=297%2C170\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto expert\",\"crypto news\",\"expert\"],\"dateCreated\":\"2024-03-21T20:00:20Z\",\"datePublished\":\"2024-03-21T20:00:20Z\",\"dateModified\":\"2024-06-11T07:21:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_7ef58e.jpeg?fit=297%2C170","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/599015"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=599015"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/599015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/599029"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=599015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=599015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=599015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}