🚀Bitcoin could exceed $500,000: Analyst's jaw-dropping prediction! 🚀🚀

Doctor Profit predicts that Bitcoin's$BTC

market value could reach $8 trillion, which would equate to a price of around $550,000 by 2030. The analyst states that an increase in the market value of gold between $13 trillion and $19 trillion could make Bitcoin an alternative asset.

The famous analyst predicts that the Fed's M2 money supply estimate could increase from $21 trillion to $33 trillion by 2028. It is thought that this data could push long-term BTC price estimates even higher. Doctor Profit, taking into account technical analysis, stated that Bitcoin may experience corrections from time to time, but these price movements should not be a cause for concern for investors.

According to the analyst, 40-50 percent corrections are expected as Bitcoin approaches the levels of $ 120,000, $ 160,000 and $ 220,000. Emphasizing that these pullbacks can be considered as buying opportunities, Profit made the following comment:

“Corrections in BTC should not deter crypto investors. Possible declines offer a buying opportunity at more suitable levels.”

Although Doctor Profit’s $ 550,000 Bitcoin price target seems difficult at the moment, the analyst’s first target of $ 120,000 for 2024 is achievable. Many crypto experts and investors predict that Bitcoin will exceed $ 100,000 by the end of the year.

My dear friends, please do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is someone who hasn't followed me yet, I would be happy if they did. Don't forget to like my articles and posts. Thank you.