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

Crypto analyst Doctor Profit made a price prediction for Bitcoin in a recent social media post.

Doctor Profit estimates that Bitcoin can be in an 8-year market and that it will be balanced for about 550,000 years by 2030. The analyst estimates that gold can change in dollar terms in 19 markets from 13 markets in the market and will not remain in this situation. He predicts that it could bring an alternative asset asset to Bitcoin.

The famous analyst expects the Fed's estimate of total money supply, M2 money supply, to be available from 21 exercise dollars to 33 gyms by 2028. With the data in question, the long-term price prediction of $BTC may increase even more.

Doctor Profit expects 40-50 percent corrections as Bitcoin approaches milestones such as $120,000, $160,000 and $220,000. According to the analyst, this is the first purchase for possible pullbacks in Bitcoin. Profit expressed the images on the subject as follows: “Developments in BTC should not deter crypto investors. Possible declines mean a more alternative shopping opportunity.”

Doctor Profit’s 550,000 Bitcoin price target seems difficult for now. The analyst’s first target of $120,000 can be seen in 2024. Many crypto experts and investors predict that BTC will surpass $100,000 before the end of the year.

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