Bitcoin $1 million? Coin Telegraph asks the question. I've summarized:Bitcoin has hit record highs few expected. Key drivers include the launch of spot ETFs in 2024, with BlackRock’s iShares Bitcoin Trust attracting $1.3bn in two days, and U.S. President Trump’s March 2025 order creating a Strategic Bitcoin Reserve of 200,000 BTC. Optimism peaked at “Crypto Week” in July, when Bitcoin touched $123,166. Is $1 million Bitcoin possible?Several factors suggest it is possible, though challenging:Limited supply: Capped at 21m coins, Bitcoin’s scarcity mirrors gold.Institutional inflows: Large players legitimise Bitcoin and boost demand.Adoption potential: 6.8% of the world already owns crypto, with strong growth ahead.FOMO: Surveys show most investors buy Bitcoin expecting profits, fuelling momentum.Prominent bulls include Cathie Wood (sees $1.5m by 2030), Michael Saylor (targets $1m if Wall Street holds 10% in BTC), and Robert Kiyosaki (forecasts $1m by 2030 as inflation hedge).What it would takeInstitutional investment: Market cap must exceed $21tn, surpassing gold. Wall Street allocation could be pivotal.Global adoption: Experts say 20–40% of the world’s population may need to adopt Bitcoin.Regulatory clarity: Laws like the GENIUS and Clarity Acts in 2025 help reduce uncertainty.Tech development: Scaling solutions such as the Lightning Network remain vital. This article was written by Eamonn Sheridan at investinglive.com.