... I have been reading a few articles online saying how it is possible for Bitcoin to reach $1,000,000 in years to come.
Is this possible? If so how likely is it to happen and how far down the line are we talking? 2025? 2030?
Predictions of $1,000,000 (in today's dollars) are wishful thinking. I don't think it is economically possible for it to reach that price, except in a speculative bubble.