Bitcoin $1 million? Coin Telegraph asks the question. I’ve summarized:

Bitcoin has hit record highs few expected. Key drivers include the launch of spot ETFs in 2024, with BlackRock’s iShares Bitcoin Trust attracting $1.3bn in two days, and U.S. President Trump’s March 2025 order creating a Strategic Bitcoin Reserve of 200,000 BTC. Optimism peaked at “Crypto Week” in July, when Bitcoin touched $123,166.

Is $1 million Bitcoin possible?

Several factors suggest it is possible, though challenging:

Limited supply: Capped at 21m coins, Bitcoin’s scarcity mirrors gold.
Institutional inflows: Large players legitimise Bitcoin and boost demand.
Adoption potential: 6.8% of the world already owns crypto, with strong growth ahead.
FOMO: Surveys show most investors buy Bitcoin expecting profits, fuelling momentum.

Prominent bulls include Cathie Wood (sees $1.5m by 2030), Michael Saylor (targets $1m if Wall Street holds 10% in BTC), and Robert Kiyosaki (forecasts $1m by 2030 as inflation hedge).

What it would take

Institutional investment: Market cap must exceed $21tn, surpassing gold. Wall Street allocation could be pivotal.
Global adoption: Experts say 20–40% of the world’s population may need to adopt Bitcoin.
Regulatory clarity: Laws like the GENIUS and Clarity Acts in 2025 help reduce uncertainty.
Tech development: Scaling solutions such as the Lightning Network remain vital.