Could a US Bitcoin Purchase Send BTC to $1 Million? BPI Executive Weighs In

A Bitcoin Policy Institute (BPI) executive presented a scenario of a potential surge in Bitcoin’s price if the United States were to purchase 1 million BTC. In an interview on Bitcoin Magazine, Zach Shapiro, head of policy for the BPI, noted that such a massive purchase would likely cause a substantial impact on the asset’s value. He predicted Bitcoin prices would skyrocket immediately after such a significant announcement and potentially reach $1 million per Bitcoin.