Beautiful Virgin Islands

Monday, Aug 04, 2025

Could Bitcoin Really Go As High As $500K?

Could Bitcoin Really Go As High As $500K?

MoneyWire's Editor, Matt McCall analyses crypto markets, the nature of crypto trading, latest market movements, and some bearish and bullish future predictions of investment pros:

One cool thing about cryptocurrencies … they trade 24/7.

One bad thing about cryptocurrencies … they trade 24/7.

I’m kidding, sort of. There’s some truth in that.

When cryptos are flying, it’s fun watching them — and your account balance — move higher on evenings and weekends.

On the other hand, when prices are falling, it takes the fun out of it … but not the long-term potential.

That’s what we saw this week, when Bitcoin dropped five straight days from last Friday through Tuesday. It plunged 30% from high to low, and as you would expect, the headlines were screaming gloom and doom.

The Bitcoin Bubble Is Popping. Why There’s No Telling Where the Selling Stops.

Deutsche Bank says bitcoin’s gone from ‘trendy to tacky.’

And…

Ark Investment’s Cathie Wood Says Bitcoin Will Go to $500,000

Wait … what?

I have a lot of respect for Cathie Wood and her ARK Invest products. I think she does a lot of good work and research in hypergrowth trends and companies of the future.

But wow. Bitcoin to $500K is a massive target. That’s more than 1,200% above current prices!

And should that happen, regular readers know I would expect select altcoins to make even more money.

Is it even realistic?

It’s ambitious, for sure. But I do think it’s possible. For now, though, I’ll stick with Bitcoin $100,000, which I have said for some time is in the cards.

I targeted six figures when Bitcoin traded around $10,000 last fall … and then again at $20,000, $30,000, $40,000, $50,000 and $60,000. And now here again at $40,000.

Still, Cathie Wood is exactly right in her long-term thinking.

She correctly said in a Bloomberg interview that environmental concerns around Bitcoin mining have caused some people to step back, including Tesla founder Elon Musk. But she also pointed out that Bitcoin miners already use renewable energy and hydroelectric power.

Most Bitcoin is mined in China (about 75%), and renewable energy is now used more than half of the time. She also expects sources like wind and solar to become better integrated with the electrical grid, which would make Bitcoin mining more environmentally friendly.

I was especially intrigued by her observation that this latest fall in Bitcoin increases the chances of a Bitcoin exchange-traded fund (ETF) in the United States. “The odds are going up now that we have had this correction,” she said.

That would be a huge catalyst and another big step forward in the great crypto awakening.

I have no doubt demand would be there. That’s why various companies have tried to launch a U.S.-based Bitcoin ETF for eight years now. Industry pioneers Cameron and Tyler Winklevoss tried way back in 2013. They tried again in 2018.

In August 2018, the Securities and Exchange Commission (SEC) rejected nine bitcoin ETF proposals … in one day!

The party line from the SEC has been concerns over volatility, manipulation and proper oversight. I think that’s baloney. The government just doesn’t want to get involved in something it doesn’t understand.

But that’s changing.

Earlier this year, Canada approved the first North American Bitcoin ETF, putting pressure on U.S. regulators to catch up to reality. At least eight firms have applications into the SEC to launch crypto ETFs.

We need regulators who understand the blockchain technology that cryptocurrencies are built on and its potential to improve so many areas of our lives. We need them to not just have heard of blockchain but possess a deep understanding of it and its value.

New SEC Chairman Gary Gensler provides reason for optimism. He was a professor at MIT who taught a course on blockchain, so he clearly understands the technology and its applications. The worst thing we want at this point is for any regulation to squash blockchain’s potential … and the massive opportunity for smart investors in the best altcoins.

Cryptos and the blockchain are going to change everything. The way you buy everyday goods and services … purchase a home … pay your taxes … even how you order a pizza.

This transformation is already underway, which is why Bitcoin exploded to record highs earlier this year. My friend Charlie Shrem and I think that was one of the most important events in the cryptocurrency sector since bitcoin started it all in 2009. And Charlie was around practically at the beginning.

The action demonstrated that Bitcoin and its smaller peers — the altcoins that have even bigger potential — are here to stay.

The truly seismic shift is coming as businesses, consumers, big-money investors and even the government and regulators realize what’s going on. Bitcoin and altcoins cannot be ignored by large firms anymore.

We’ve seen money managers, hedge funds, large institutions and even publicly traded companies turn to cryptocurrencies and the blockchain technology that they run on.

This big money realizes that if they don’t adopt a plan, they will be left behind.

The same is true for smart investors. Not investing in cryptocurrencies and the blockchain today would be similar to not investing in the advent of the internet.

Now is the time to be at the forefront of the next big technological revolution moving into the mainstream in the Roaring 2020s.

Source: Could Bitcoin Really Go As High As $500K? – Fintechs.fi

Follow Fintechs.fi on Twitter and Facebook!

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Pilots Call for Mental Health Support Without Stigma
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Ong Beng Seng Pleads Guilty in Corruption Case Linked to Former Singapore Transport Minister
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
Italy Fines Shein One Million Euros for Misleading Sustainability Claims
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
Declassified Annex Links Soros‑Affiliated Officials and Clinton Campaign to ‘Russiagate’ Narrative
UK's Online Safety Law: A Front for Censorship
Nationwide Protests Erupt in Brazil Demanding Presidential Resignation
Parents Abandon Child at Barcelona Airport Over Passport Issue
Mystery Surrounds Death of Brazilian Woman with iPhones Glued to Her Body
Bus Driver Discovers Toddler Hidden in Suitcase in New Zealand
Switzerland Celebrates 734 Years of Independence Amid Global Changes
U.S. Opens Official Investigation into Former Trump Prosecutor Jack Smith
Leaked audio of Canada's new PM Mark Carney admitting the truth about the Net Zero agenda: "We're gonna make a lot of money off of this."
China Enforces Comprehensive Ban on Cryptocurrency Activities
Absolutely 100% Realistic EVO Series Doll by EXDOLL (Chinese Company) used mainly for carnal purposes
World Economic Forum founder Klaus Schwab: "In this new world, we must accept... total transparency. You have to get used to it. You have to behave accordingly. But if you have nothing to hide, you shouldn't be afraid."
Meet Mufti Hamid Patel, head of Office for Standards in Education in Pakistan
George Soros tells the World Economic Forum: "President Trump is a con man and the ultimate narcissist, who wants the world to revolve around him."
Hamas are STARVING the hostages.
Decline in Tourism in Majorca Amidst Ongoing Anti-Tourism Protests
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
Poland Begins Excavation at Dziemiany After New Clue to World War II‑Era Nazi Treasure
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Threatens Canada with Tariffs Over Palestinian State Recognition
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Trump Sues Murdoch in “Heavyweight Bout”: Lawsuit Over Alleged Epstein Letter Sets Stage for Courtroom Showdown
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners
J.K. Rowling Limits Public Engagements Citing Safety Fears
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
×