Bitcoin to 500k

Based on the Bitcoin White paper, there are only suppose to be 21 millions Bitcoin and till date only about 18 millions are mined. For the past 6 months, the price has rocketed up a lot and it is basically generating higher returns than the stock market. The price broke the 40 K USD resistance after Tesla made an announcement that they will invest 1.5 billion into Bitcoin. This is certainly music to the ear of Bitcoin investor.

Recently, many big boys are giving Bitcoin a second thought as compared to years ago. Square invested in Bitcoin, Paypal allowed user to buy/sell Bitcoin and even in Singapore, the local bank DBS also open up digital exchange for trading of cryptocurrency.

Unlike the 2017 rally, there was no money behind cryptocurrency back then. That particular rally was simply fuel by momentum like what happened to GME. For Bitcoin and some other alt coins, there are big money behind them this time round. Though fundamentally nothing change till there are actual use for them, the money getting pour in is huge.

Many are speculating that Bitcoin will hit 500 K some day. I believed this is not a dream and will come true but how soon will it come ?