That's right, because influential people in the world and big companies have started to adopt Bitcoin, many Bitcoin holders don't want to sell their Bitcoin because they think Bitcoin is one way to maintain their wealth, especially with the limited supply of Bitcoin, so people are competing to own Bitcoin. Due to the scarcity of Bitcoin, it is very possible for Bitcoin to reach 1 million US dollars, that's my view
Your view is not wrong and also quite reasonable regarding Bitcoin, but the number you say is a very large number so it will still take quite a long time for Bitcoin to get there. Currently the price of Bitcoin has not yet reached $100K so most people still don't think about the price level being high enough as you say. However, currently many people are thinking that Bitcoin could reach a price of $100K because the potential for movement in the market is still quite good so far.