"Captain China", the president and CEO of the well-known blockchain global research and development center, predicts that the price of "Bitcoin (BTC)" may reach $1 million this year. This is a very radical expectation, mainly based on the following factors: $BTC $ETH $BNB

Halving Event: Bitcoin’s halving usually causes its price to increase because the reward halving means that the supply of new Bitcoins slows down, and Bitcoin’s price has historically increased significantly after every halving1 .

Participation of Institutional Investors: As more institutional investors and large asset managers take an increased interest in Bitcoin, more funds are expected to flow into the Bitcoin market, pushing up the price1.

Bitcoin ETF Approval: If the U.S. Securities and Exchange Commission (SEC) approves a Bitcoin exchange-traded fund (ETF), it would make it easy for more traditional investors to invest in Bitcoin, potentially driving the price higher1.

three

Macroeconomic factors: Global macroeconomic uncertainty may prompt investors to seek Bitcoin as a safe-haven asset, especially in the context of inflation and currency devaluation2.