Previously dismissed as a distant fantasy, the price of Bitcoin (BTC) hitting the $1 million mark is increasingly seen as plausible by prominent figures in the crypto world. This shift reflects growing institutional interest and bold long-term forecasts from influential voices like Adam Back and Michael Saylor. 💰 📈 🤯 Saylor believes Wall Street’s allocation to Bitcoin will be crucial, potentially driving the price to $1 million if they account for a significant portion of their wealth – as much as $20 trillion in total! 💪 But even this may not fully explain how BTC could reach that level. Back argues that just a 2% allocation across major asset managers like Blackrock would be enough to trigger a price jump to $1 million. This optimism is echoed by prominent figures like Changpeng Zhao, who believes Bitcoin could ultimately reach anywhere between $500,000 and $2 million in this cycle. Other voices, including Cathie Wood’s ARK Invest, add further weight to the outlook with their bullish predictions of a price exceeding $1 million by 2030. This would be backed by growing institutional adoption, especially through ETFs. However, it’s not just about Wall Street; even ordinary investors are piling in, as evidenced by the fact that more Americans now own Bitcoin (49.6 million) than gold (36.7 million). 🇺🇸💰 The market itself seems to agree with this sentiment as Bitcoin continues to climb towards new highs. The price recently surpassed $111,814 before settling at around $105,466. Over the past week, it managed to outperform broader crypto markets and is currently up 2.1% compared to last month, highlighting a long-term upward trend despite brief pullbacks.