Could bitcoin hit $1M by 2025?

There are 56M millionaires on earth and 1.85M bitcoin on exchanges. Thats 0.03 btc available per millionaire.

If 0.03 btc were equal to 3% of a millionaires networth ($30k) then that would put 1 btc at a value of $1M. Meaning if each millionaire was prepared to put $30k into bitcoin the price of one bitcoin would rise to $1M.

$30k x 56m millionaires is equal to a total amount of $1.68T. Meaning if $1.68T entered the bitcoin market that would instantly take bitcoin above $1M per btc due to liquidity and available supply.

Once there is a spot ETF available for the average investor to be able to buy bitcoin through their brokerage account there will be a flood of money entering bitcoin for the first time. Black rock / Fidelity and the like hold $50T in assets under management meaning if the average Black Rock or Fidelity account holder wanted just 3% exposure to bitcoin that would push bitcoin above $1M per btc.

A bitcoin spot ETF approval wont just open the gates for American investors either, it will send a green light to the rest of the world that it is ok for big institutions to buy hold trade and invest in bitcoin. No one wants to piss off the most powerful country on earth with control of the worlds reserve currency, so the rest of the worlds financial institutions, brokerage houses and corporations have been waiting for the US to give the thumbs up before they get in. Now they have the green light so they will be getting bitcoin exposure simply to diversify and increase the performance of their sharpe ratios.

Add to all of this the halving in six months from now and things could get crazy in 2024 and 2025.

People dont realise just how easily and quickly bitcoin could hit $1M once the spot ETF is approved and there is a slight tipping point of interest to gain as little as 3% exposure.