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Could Bitcoin hit US$1mn. Yes. Here's what it would take. 4 key requirements.
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 ... (full story)