According to many, Bitcoin will reach $500,000 one day

Certainly, many of you remember the times when investors or experts predicted that Bitcoin would reach $3,000, $5,000, $20,000, or $50,000. As we already know, all these goals have already been surpassed, while the 3 most recurring numbers remain, where many people would like to see Bitcoin. These are $100,000, $500,000 and $1,000,000. Investment legend Cathie Wood also recently commented on this topic, according to which Bitcoin can skyrocket to $500,000 in the coming years.

Cathie Wood, CEO of Ark Invest, said in a recent interview with CNBC that Bitcoin could fly to $500,000 if institutions around the world put 5% of their money into this cryptocurrency. She also reminded that many world institutions such as Tesla, MicroStrategy, and Square have already started cryptocurrencies, and if we add to this the plans of El Salvador, which even wants to build the first “Bitcoin city”, such a prediction may not really be unrealistic in the long run.