Bitcoin still makes headlines every time a celebrity or billionaire predicts it’s about to explode to millions of dollars per coin. Predictions of Bitcoin eventually going up to $500,000 have fueled this accumulation, especially among retail investors. We can see that different levels of addresses are gaining more Bitcoin tokens. Some are hoping for the fulfillment of some very optimistic price forecasts.

This expected/ongoing increase has already resulted in significant shifts in Bitcoin distribution. This is about addresses holding an average of 0.01 BTC increasing their balances in expectation of a price pump. Some addresses tier levels have maxed out even further as more whitelisted bullish addresses have added more BTC while waiting for heavy bullish price forecasts to pan out.

Expert Predictions Fuel Optimism

In January, crypto analyst Michaël van de Poppe predicted Bitcoin would hit $300,000 to $500,000 by the end of this year. Robert Kiyosaki, the author of “Rich Dad, Poor Dad,” has claimed Bitcoin is headed to $500,000 in 2025. As Matt Hougan would say, it’s still in the early growth phase until Bitcoin goes past the $500,000 level.

Prominent crypto analyst Peter Brandt predicted Bitcoin would reach the $120,000 to $150,000 figure between August and September in 2025. These forecasts add to the general positive sentiment around Bitcoin, prompting investors to buy more BTC.

Accumulation Trends and Potential Gains

Retail investors continue to be most active in adding to their Bitcoin positions. Retail investors holding between 0.001 and 0.01 BTC have added to their balances without interruption throughout the bull market. In much the same way, those with 0.01 to 0.1 BTC have been big net accumulators. By the end of 2024, some addresses had a total balance of 309,000 BTC combined.

Today, the sum total of those addresses’ balance has grown to 310,650 BTC. The net increase in cumulative balance of these addresses equates to a net accumulation of 1,650 BTC valued at $159.6 million YTD.

The Path to $500,000 and its Implications

In fact, bitcoin has to hit at least $500,000 per token. Only if you do that the balance of 0.01 BTC will skyrocket to $5,000. For instance, a balance of 0.01 BTC, now valued at $967, would in theory appreciate into $5,000. The $500,000 goal would mean a 416.8% increase from Bitcoin’s current price of $96,743. At $500,000, 0.1 BTC would appreciate to $50,000.