I highly doubt it. Over the last three years there has been a lot of adoption of bitcoin by businessess and it is no longer perceived to be just a fad. The only way I can imagine bitcoin going anywhere near $500 is if Satoshi Nakamoto dumps his estimated 1 million bitcoins holdings onto exchanges or, if the five or six largest bitcoin whales collude to bring the bitcoin market down.
What a fully question
There is no any doubt that Bitcoin will go to $500 because there are lot of people who had invested their money to have a good profit so they cannot sell the Bitcoin at less price.
Today the crypto market if gully reddish so you feel that it will ho to $ 500 in next few years ,for that you are totally wrong with the question instead of that you can ask can Bitcoin go $ 5000 then people will go good answer.
Bitcoin is a decentralized coin which is running through block chain and lots of country started regulating in their country and so there is no risk to bug Bitcoin.
With my opinion ,the market from last one week is totally down so I can give my final opinion that $5500 is my final support it does not behind it so don't be too much panic on this situation and try to earn money with this situation.
Thanks for Readings