Bitcoin to $500K? Top Crypto Influencer Reveals the Bull Case You Can’t Ignore

Bitcoin's next moonshot might just be starting—and one industry heavyweight says half-a-million dollars isn't a pipe dream.

The math behind the madness

Supply shocks, institutional FOMO, and that halving clock ticking down. Sound familiar? This time, the whales are betting bigger.

Wall Street's worst nightmare

While traditional finance clings to its 60/40 portfolios, crypto's black swan event is looking more like a golden goose. (Bonus for the skeptics: Yes, this means your financial advisor still hates Bitcoin.)

The playbook's simple: Accumulate, stake, repeat. Whether we hit $500K or face another 'crypto winter,' one thing's clear—the game's changed.

Bitcoin Chart/Borovik For context, in 2020, Bitcoin broke out from support after a period of price consolidation, rallying from $9,553 on July 20, 2020, to a high of $12,480 on August 17, 2020. BTC maintained the high for a few days, then retraced 14% in two days to retest the support in early September 2020. After a successful retest, Bitcoin started another phase of parabolic movement, which endured until its April 2021 peak of $64,900. Then, Bitcoin experienced its first major correction from the bullish rally that began at around $10,000 in September 2020. It dropped to $28,754 in June 22, 2021, before resuming an uptrend to the cycle’s peak at $69,000 in November 2021. Interestingly, Borovik shared that a similar pattern formed on Bitcoin’s recent chart. For perspective, BTC surged after breaking out of a descending channel on November 6, 2024, rising from $69,404 to a peak of $109,354 on January 20, 2025. However, a downtrend ensued, pushing prices down to retest the support. Bitcoin dropped to $74,441 on April 7, marking the retest. From there, it regained bullish momentum, pumping to its recent all-time high of $123,181. Bitcoin Going to $500,000 Borovik suggested that, if the 2020 to 2021 rally is anything to go by, then Bitcoin is likely to reach $500,000. Interestingly, this marks a 320% rally from its current price of $118,804 and would also take its market cap to $9.95 trillion. Notably, his prediction aligns with that of Binance’s co-founder Changpeng Zhao. He predicted that Bitcoin would reach between $500,000 and $1 million this cycle amid a massive institutional influx. However, Standard Chartered has a different view on when Bitcoin could attain the $500,000 price mark. The top banking institute projected that BTC will reach the price valuation in 2028, three years from now.