Bitcoin To Top $500,000 By 2029? Entrepreneur Makes Bold Call
Bitcoin sits on edge once more, buying and selling beneath the vital $68,000 stage after a unstable stretch that erased round 28% from its worth in a couple of month. Costs are swinging hard, and that swing has pushed smart-money speak and wild bets into the identical room.
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Specialists Provide Starkly Completely different Paths
In keeping with some buyers, a deep discount is forming. Andrew Parish, a serial entrepreneur and outspoken Bitcoin proponent, argues that temper issues — when retail merchants flip gloomy, huge consumers can step in and carry markets quick.
He put a daring goal on the desk: $500,000 inside a couple of years if flows and sentiment flip. Ric Edelman, a veteran investor, has an identical headline quantity however with a slower clock; his math rests on broad wealth shifting a tiny slice into crypto over time. Each views hinge on regular inflows and extra buyers taking small positions in crypto.
GM.
Bitcoin sub $70K is a present. Purchase extra.
In three years $BTC will commerce above $500K.
— Andrew (@AP_Abacus) February 16, 2026
A Bear Case That Cuts Deep
On the opposite facet, the warning is loud and clear. Bloomberg macro strategist Mike McGlone has painted a a lot darker path, saying an 85% drop might be doable and that $10,000 shouldn’t be dismissed.
Legendary Investor Ric Edelman: “I consider #bitcoin can attain $500,000 by 2030.” 🚀 pic.twitter.com/XNQFTbuA69
— Altcoin Every day (@AltcoinDaily) February 16, 2026
He factors to stronger inventory markets, decrease market swings, and fading political tailwinds tied to US President Donald Trump as causes capital may steer clear of dangerous bets. Markets will be moved by huge shifts in the place cash chooses to take a seat, and moments like this will put a damper on optimism shortly.
Collapsing Bitcoin/Cryptos Could Information the Subsequent Recession –
“Wholesome Correction” is what we should always hear quickly from inventory market analysts (who threat unemployment if not onboard), following collapsing cryptos. The purchase the dips mantra since 2008 could also be over, right here’s why:
– US inventory… pic.twitter.com/fPPc2fV3EU
— Mike McGlone (@mikemcglone11) February 15, 2026
Flows And Sentiment Matter
Stories word that exchange-traded funds noticed heavy withdrawals not too long ago. On-chain readings flagged tons of of tens of millions in outflows in a brief window. A separate fear-and-greed meter cratered to very low readings, signaling panic amongst small merchants.
These two details collectively assist clarify why worth fell so sharply; when many attempt to go away, worth can slip sooner than logic expects. That stated, outflows can even clear the way in which for a unique sort of purchaser to maneuver in later.
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On Institutional Conduct & Lofty Worth Targets
In the meantime, institutional conduct would be the key variable. Giant managers may purchase when retail is jittery, and a few market watchers level to corporations which have constructed crypto desks as potential demand anchors.
Regardless of the uncertainty, the $500,000 mark stays the headline grabber for bullish buyers. Parish’s name captures consideration as a result of it ties sentiment swings to potential market strikes, whereas Edelman’s projections underline how even modest allocations from world wealth may push Bitcoin larger over time.
Featured picture from Unsplash, chart from TradingView
