. It is highly unlikely that crypto market will be filled with continuous bitcoin demand until it costs $ 1 million.
Yeah, bitcoin needs mass adoption to reach those levels. Currently it has limited use, indeed. As BLOOMBERG has stated recently:
Bitcoin is being used less and less as a currency. After peaking at $411 million in September, only $60 million was spent on goods and services in May. These numbers come from the 17 largest crypto merchant-processing services. The number rebounded a bit in June to $69 million but it is a far drop from the same time last year