Is BTC price likely to hit a million?
Possible Factors**
- **Limited Supply (Only 21 Million)**
The number of Bitcoins is limited to 21 million, with over 19.79 million currently in circulation. "Halving" (reducing production every 4 years) is increasing scarcity.
- **Institutional Adoption**
BlackRock, MicroStrategy, and governments (such as Trump's BTC Finance Plan) are using Bitcoin as an investment.
- **Global Economic Situation**
The rising US debt, inflation, and declining trust in government are making Bitcoin more popular as "digital gold".
### **2. Challenges**
- **Extremely Large Market Cap**
At $1 million/1BTC, the market cap would be $21 trillion (nearly 20% of global GDP). That's 3 times more than Apple and Google combined.
- **Technology and Regulation**
Bitcoin, its processing power (only 7 transactions per second) and government regulations may be obstacles.
### **3. Experts' Predictions**
- **Cathie Wood (ARK Invest)**: $1 million by 2030.
- **Lyn Alden**: It could wait until 2035.
- **Matt Hougan (Bitwise)**: It could be in 2029.
- **Contrary View**: Bitcoin's rarity and popularity have driven its market cap higher, but $1 million is unlikely before 2030.
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