I agree with most of the contributors that $400,000 is too high for this current market cycle. $400,000 from the current price of $69,000 is approximately x6 which I think is too high a target considering that this present bull run started from when Bitcoin was as low as $17,000, it will not be realistic to expect Bitcoin to move from $17,000 to $400,000 within a single market cycle. This is why I am not supporting the idea of Bitcoin hitting $400,000 after the bull run.
Understandably, the potential of Bitcoin is big as well as the expectations of the market participants especially the big investors drown into Bitcoin after the ETF approval, despite that, it is still better to set targets that conforms to the present market conditions.
Instead of agreeing to $400k, let's first hope that $100k is reached after the halving. I'm more likely to expect $100k to be achieved than to expect $400k, for me that's too high to expect right now. Of course we don't know what the price of bitcoin will be in the next one to two years, but if I had to hope then I would just hope for the closest price to be reached instead of 4x of $100k.
Granted I don't seem optimistic about $400k, but it's not impossible to achieve in the next few years. At least there is always hope, but it depends on how the demand and supply is too.
Better to have that step by step kind of mindset on which it would really be that better to have on this way rather than on making yourself that too advanced when it comes to price expectation.
Just like been said by most of us that there's no one would really be able to know on whats the exact numbers that we would be seeing in the bull run. We cant really be able to tell on where it would really be heading.
So for now the best thing to be done is to stop yourself on minding about those high levels and would be better that you should really be sticking into something realistic rather than on making yourself that
thinking into those 400k or even a million a coin.
If we do try to look back on how fast or slow we are when it comes to price movement where tons of ups and downs or correction do happens. Then, its never been a smooth sail ride kind of market.
There would really be those ups and downs which is normal and if you do really see on how long we do able to reach out a certain price then we can assume that it would be also the same
on how slow we can go with those numbers or wont really be reaching it out at all.