Not just about the demand but also depends on the government regulation and I think it will be hard for Bitcoin to reach that level if the government still not accepting it as a legal tender. Well, I’m also positive about the Bitcoin price and I think it can happen in 10 years or more as we are still dealing with so many challenges today, but soon if there’s a limited supply already with Bitcoin, that $1M ceiling price can surely be hit.
I think it's still too far away for many people to enjoy because Bitcoin is still at $63K and has risen to $64K today. So, instead of thinking about prices that are too far away, it's better for you to first enjoy the increase in Bitcoin prices which is still occurring at the end of this month with quite extraordinary achievements in February. Because everyone doesn't need to think about government approval for payments via Bitcoin if the price of Bitcoin itself can still increase without any government intervention for now.
Indeed mate that it will be harder fpr bitcoin in increase its value in short time because Government is the main ingredients here for this great currency reaches 7 figures but before that lets look for 6 digits first in which soon to happen at least next year if not happens now.
I think that 6 digits could happen next year if Bitcoin's price increase continues like what happened this month. Have you also not enjoyed the increase in Bitcoin prices so far or do you not know what to say after seeing market conditions that continue to improve like now? Because now Bitcoin is starting to make extraordinary levels in its price range so that things that were previously thought impossible have become possible now thanks to the price increase which is truly extraordinary in my opinion.