Thomas Fahrer, CEO of crypto review platform Apollo, suggests multiple factors could drive Bitcoin price to $500,000 in the next few years. This would require a full-scale bull run and would represent an eightfold increase from current levels.

Fahrer believes several "low probability" events could trigger a strong bull market. Even if only a few materialize, Bitcoin could reach $300,000 to $500,000 in the next four-year cycle, meaning 10x profits for most of the current BTC holders.

According to Fahrer, one potential catalyst is Bitcoin surpassing gold's market capitalization. "Bitcoin's $1.2 trillion market cap compared to gold's $15 trillion is achievable within years," Fahrer states.

He also notes U.S. presidential candidate Robert Kennedy Jr.'s proposal to back the dollar with Bitcoin. While Fahrer doesn't expect Kennedy to win, he sees value in the public discussion about these kinds of non-trivial decisions.

"If that happened, it would send Bitcoin astronomically higher," Fahrer explains the possible outcome of Kennedy's idea.

Fahrer's X following has grown steadily since late 2022. It accelerated with the launch of U.S. spot Bitcoin ETFs in January 2024.

His regular updates on ETF flows have attracted attention. Fahrer now has approximately 60,000 X followers.

"There's been a lot of interest in ETFs," he says. "It's the big story of this cycle and potentially for crypto beyond Bitcoin."

Despite his optimism, Fahrer doesn't ignore market downturns. He was one of those who noticed recent significant sell-offs, including those from Grayscale Bitcoin Trust, and carried out an analysis of those events.

For Bitcoin content, Fahrer has preferred sources. He follows Vivek Sen for memes, Hodl Capital for ETF flows, and Glassnode's James Check for technical analysis.