nope it will not

what you need to understand is some fundamentals

bitcoin mining is another way you get bitcoin at a cost.
if everyone on the planet. including a hobby miner in the most expensive electric region can mine bitcoin for under$100k. then no one will see value in paying $1m for bitcoin if they can instead mine it ALOT cheaper.
especially if everyone could mine it alot cheaper.

in the 2021-22 ATH of $70k it peaked and stopped at that level for good reason. because at the time EVERYONE could mine bitcoin for under $70k so no one valued bitcoin at more then this.
yep the $70k became the speculative top.

in the 2017-18 ATH of $20k it peaked and stopped at that level for good reason. because at the time EVERYONE could mine bitcoin for under $20k so no one valued bitcoin at more then this.
yep the $20k became the speculative top.


right now bitcoin is running at a mining cost of cheapest to most expensive of about roughly ~$30k-$90k(rounded numbers)
meaning no one can mine cheaper then $30k right now and everyone can mine cheaper then $90k
so the price will refuse to dip below $30k right now but will refuse to go above $90k right now.

there is a long long way to go before this $90k top window goes over $1m to then offer the possible speculation of price within the window of value to move upto a $1m amount,.