$BTC Bitcoin is heading towards $500,000. D predicts a future shock!

The cryptocurrency has risen by 800% in five years.

The current price of Bitcoin is around $95,500, but is it possible to reach $500,000?

The answer: Yes, this is possible. Over a long period of time, it is very likely that this will happen, and you can own Bitcoin in that leap if you want.

The Motley Fool looked at the report from "Al Arabiya Business" on the reason why this massive growth is more likely than some people think.

To understand why the price of Bitcoin is expected to rise sharply in the coming years, it is important to be aware of a fundamental economic factor, along with the unique advantage that Bitcoin possesses.

The price of Bitcoin, like all digital currencies, is determined based on the balance between supply and demand in the open market. When buyers want to own a currency, they will pay a slightly higher price than the current price to ensure they get it rather than leaving the opportunity for someone else. Conversely, when sellers wish to liquidate their assets, they will accept a slightly lower price to ensure a quick conversion of Bitcoin to cash.

Another influencing factor here is supply and demand. If the supply of the currency is stable, as it is with Bitcoin being mined at a certain rate, the price will not change as long as demand remains at the same level and the seller is willing to sell.