#TrumpBTCTreasury Trump warns Iran of 'more brutal' Israeli attacks after major strikes on nuclear and military sitesThe crypto market is currently facing a sharp dip, with Bitcoin, Ethereum, and Solana experiencing significant price drops and leading to over $1.15 billion in liquidations.

However, an expert from Hashkey, Han Xu, believes this is merely a "mid-phase" in the crypto bull market. He anticipates a rebound fueled by macroeconomic shifts, specifically the end of quantitative tightening (QT) and an increase in the M2 money supply, both of which would boost market liquidity and demand for risk assets.

Xu also supports the seemingly ambitious prediction of Bitcoin reaching $1 million per coin. He bases this on Bitcoin's fixed and inelastic supply (21 million BTC), its halving mechanism, and the ongoing global expansion of the M2 money supply, which makes Bitcoin an attractive stable store of value. The strong performance of US spot Bitcoin ETFs and growing corporate Bitcoin allocations further underscore this potential. Xu envisions Bitcoin's market valuation eventually matching that of marketable gold within a decade, making the $1 million price target achievable.