I think bitcoin could reach even loftier levels than where we are now. As for $1 million that is possible but I would say that if it eventually trades at that level it will also be because of the debasement of the dollar (Federal Reserve Note) so even though it will still be a lot of money I do not think the million then will have the same purchasing power as today.
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Yeah good point. I think that the regulators will step in before it gets that valuable. Way too much $$ that the government wants to tax :(