Will Bitcoin reach one million dollars this year?

Many people think I am overly optimistic, believing that it is impossible for Bitcoin to reach one million dollars by 2025 (which is ten times the current price), but I think they are overly pessimistic.

Studying the bull market after the 2017 halving:

The price of Bitcoin at the beginning of 2017 was $964, and by the end of the year, it soared to $14,156, yielding a return of 14 times. Throughout that year, Bitcoin increased for 10 months, with only one significant drop in March, which was just -9%.

However, the market environment at that time was not ideal:

• No ETF

• No corporate buyers like MSTR

• Nation-states were not buying or mining Bitcoin, and the idea of strategic reserves was considered crazy

• Retail purchases were greatly disrupted by the ICO frenzy

• 1,800 new coins entered the market daily (two halving cycles ago)

• Overall, people knew very little about Bitcoin, and standards for Bitcoin had not even been established.

But all the issues that led to the sluggish bull market in 2021 have been resolved by 2025.

In my view, the market conditions of 2017 can better represent the market of 2025; therefore, it is absolutely possible for Bitcoin to rise to one million dollars, achieving a tenfold increase.

The Elon Musk-themed dog ρꪊρρⅈꫀડ, as one of the most promising concepts on the Ethereum chain, is gradually emerging. Its future development potential is immense, and it may have the opportunity to become the next phenomenon like Shiba that attracts attention as a crypto asset. Investors should closely monitor and research it.