2017 was when retail users adopted Bitcoin. Institutions are governments were against it. Bitcoin moved from $1K to $20K
2020/21 is when institutions are adopting Bitcoin. If 10% of cash held by Fortune 500 gets converted to BTC, it's price will be $300K.
And in the next cycle, in 2024/25, governments will realize the importance of Bitcoin. Central bank reserves will have bitcoins in it. This is when we will hit $1M.
I'm in tune with this post but the $1M prediction in 2025 is what I ain't sure because we have to factor in the bear that WILL come up after this present bull run. Yah, I know the dip won't be like we experienced in 2018—2019 because of the institutional investors who are throwing their support behind Bitcoin. However, there will still be a dump that will likely cause some to withdraw and reinvest in other financial stuff. So, we should take into cognizance that fact. I know the next Bitcoin halving in 2024 will produce a greater push than we are seeing. But $1M is way too ambitious.