Earlier this week, Bitcoin (BTC) surged past $42,000 to a 19-month high, sparking new price bets. Prominent financial figure Bloomberg predicts that Bitcoin is on a long-term rally towards $500,000. According to their report, “Bitcoin topping $42,000 is just the start of a fresh crypto supercycle that will push the world’s biggest token above $500,000 in what adherents say is the new monetary order taking Wall Street by storm.” 
Last year, the CEO of Galaxy Digital, Mike Novogratz, made a similar call when he predicted that Bitcoin would hit $500,000 within five years.But what does a Bitcoin rally to $500,000 mean for the rest of the crypto market? Specifically, what does it mean for Shiba Inu (SHIB) and Retik Finance (RETIK), two investor favorites?
Shiba Inu (SHIB): Does the meme coin stand a chance?
Shiba Inu (SHIB) is an Ethereum-based meme coin and Dogecoin (DOGE) competitor. Like DOGE, SHIB features the image of a smirking shiba inu dog as its mascot. Shiba Inu surged over

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