The demand for Bitcoin is increasing at a rate that is not going to decrease as the population of the world increases. When the price of Bitcoin was $100, it was very difficult to expect $10,000, but that task has also become easier. That is, Bitcoin crossed 10k. At that time, the price surprised many, but after that, when 20k was estimated, many believed it and that price also increased over time.
In the same way, after 20k, the next price of investors was 50k and at one point it was 100k. However, investors are now much more aware that no one now disbelieves the price of Bitcoin reaching 1 million, but they have been able to believe in it and at some point that price will definitely increase. I believe that it is not impossible for the price of Bitcoin to reach 1 million in the next 2 decades.
Yes, but at the same time, the amount required to increase the price of bitcoin has risen a lot as well. Increasing bitcoin from 100 dollars to 1k dollars is 10x return, but took very little money, whereas increasing from 100k to 1 million would be still a 10x return, but require countless amount of money more.
This is why I am sure that while we have a lot more money and people going in, we also need a lot more money and people too, so it is not a shocking thing that it may take a while. I am not saying it will take 50 years, but it may make as much as 8 years to get there, not entirely sure we will have it on the next bull run, I am sure won't happen this bull run, but not even sure about the next one, could be the one after that.