What Happens if Bitcoin Reaches $1 Million?

Bitcoin has seen significant growth, driven by factors such as the introduction of spot Bitcoin ETFs and government support. With $14.8 billion in net inflows to US Bitcoin ETFs by mid-2025, and an executive order from President Trump establishing a Bitcoin-backed fund, the sentiment around Bitcoin has strengthened. The limited supply of Bitcoin makes a $1 million price point plausible, supported by increased institutional investment and broader crypto adoption, which currently sees 560 million people owning Bitcoin. Predictions from notable figures suggest Bitcoin could hit $1 million if 10% of Wall Street's reserves are allocated to it, but this requires extensive global adoption and supportive regulations. If reached, winners could include early adopters and large holders like Strategy, while latecomers might face losses. Additionally, Bitcoin faces threats such as quantum computing, which could compromise its security unless new cryptographic measures are adopted. Thus, while Bitcoin's future seems promising, reaching the $1 million threshold presents significant risks and challenges.

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