I’m also positive about the path of bitcoin. And with that, big financial institutions continue putting their trust into bitcoin because just like us, they have high hopes that bitcoin will bring them excellent profits after years of investing.
Now, if bitcoin will be able to achieve $1m in due time? Of course it will. There’s only two options for bitcoin, either to drop low or surge high, and right now I’m seeing it’s skyrocketing, so it won’t be surprising for us if one day we will see bitcoin is trading at $1m.
Those directly involved in Bitcoin investments will continue to hope for it to reach $1 billion, but it will take a significant boost for the price to reach that figure in a relatively short time.
Unless we're talking about a cycle of years where Bitcoin will surpass two or three more ATHs, bringing the price closer to that target.
Most governments are starting to consider Bitcoin as a strategic reserve in an effort to protect value, which will build more trust, and this is a positive thing for the future of Bitcoin.
In time, we will see the price of Bitcoin touch that price, just like the initial period of its emergence, which slowly continued to experience a significant increase in a relatively short time.