There is a frequently cited view in the crypto world: Bitcoin surpassing the $1 million mark is only a matter of time. This prophecy sounds bold, but when we analyze the logic behind it, we find that it is not baseless.

Let's look at the development trajectory. From less than a cent initially to nearly $70,000 at its all-time high, Bitcoin has repeatedly reshaped market perceptions. Every time someone declares it "toped out," it responds with even more vigorous gains. This is not luck but a structural upward trend.

There are three dimensions supporting this prophecy. First is the absolute scarcity. The total supply of Bitcoin is fixed at 21 million coins, with a "halving" event every four years—reducing new coin issuance by half. This mechanism was built into the design from the start, with no backdoors or exceptions. This absolute scarcity in monetary terms is the core foundation of its role as a store of value.

Second is the deep penetration of institutional capital. It is no longer an exclusive game for geeks and traders. More and more publicly listed companies and traditional financial institutions are including Bitcoin on their balance sheets. From testing the waters to systematic allocation, what does this shift represent? It signifies that professional capital is voting with real money. When this wave of institutionalization truly unfolds, the inflow of funds will far exceed our imagination.

The third dimension is the expansion of global consensus. In an era of increasing inflationary pressures and rising risks of fiat currency devaluation, Bitcoin is increasingly understood as "digital gold." This cross-regional and cross-cultural consensus itself is a form of value recognition that transcends national currencies.

Of course, there is another side to reality. Price volatility can be so intense that it causes alarm, and regulatory policies in various countries are constantly changing, which can trigger short-term sharp adjustments. But those who look further ahead focus on the big picture across cycles—the uniqueness of Bitcoin as the first truly decentralized global asset, and its potential profound impact on the future financial system.

So, what about you? Do you think Bitcoin reaching $1 million is an inevitable trend or overly optimistic speculation? If it really happens, will you regret not participating earlier?