It is definitely possible for Bitcoin to reach $50,000, as it did just recently reach nearly $43,000. However, it needs to be noted that the cryptocurrency’s price is extremely volatile and susceptible to sudden drops. As such, it is difficult to predict where the price will go next in the short to medium term. That being said, if Bitcoin can continue to hold up above $40,000 and make gains in the short-term, then $50,000 may certainly become a reality.
