
Jakarta, Pintu News – Bitcoin recorded price milestones that were previously considered unattainable. Throughout 2025, a number of major events served as important catalysts, from the launch of a spot Bitcoin ETF to the United States government’s policy under President Donald Trump of establishing a Strategic Bitcoin Reserve containing 200,000 BTC, equivalent to Rp3.24 trillion.
In July 2025, the price of BTC touched a new record high of $123,166 ($2 billion). The question now is, can the target of $1 million per BTC be realized?
Here are some of the factors that could affect that, as analyzed by Bradley Peak, a journalist at Cointelegraph.
Bitcoin has a maximum supply of 21 million coins. As of mid-2025, more than 19.8 million BTC have been mined through the Bitcoin mining process, leaving less than 1.2 million coins. This characteristic of scarcity is what makes Bitcoin often compared to gold, even considered superior as astore of value.
According to Cointelegraph, with demand continuing to rise, this scarcity has the potential to drive prices much higher. Unlike fiat currencies that can be printed indefinitely, Bitcoin’s fixed supply makes it immune to inflation caused by excessive monetary expansion.
The entry of institutions into the crypto market changed the dynamics of Bitcoin demand. Bitcoin spot ETFs launched in early 2024, such as BlackRock’s iShares Bitcoin Trust, became game-changers. In just two days, these ETFs attracted more than $1.3 billion (IDR 21.1 trillion). The total net fund flow of US Bitcoin ETFs as of mid-2025 reached $14.8 billion (Rp240.5 trillion).
Michael Saylor, founder of Strategy, predicts the price of BTC will reach $1 million if Wall Street allocates 10% of their reserves to Bitcoin, meaning BTC’s market capitalization could approach $20 trillion (Rp324 quadrillion).
Read also: 5 Unique Things If You Have 1 Bitcoin in 2025
About 6.8% of the world’s population or 560 million people already own cryptocurrency assets. This figure is projected to grow 34% per year. To reach the target of $1 million per BTC, analysts estimate 20%-40% of the global population (1.6-3.2 billion people) would have to adopt Bitcoin.
Improved infrastructure, digital financial literacy, and access to crypto services are key to expanding the user base. Fast payment networks like the Lightning Network will also help address scalability issues and transaction costs.
Clear and pro-digital asset regulations will be an important foundation. Laws such as the GENIUS Act and the Clarity Act passed in the US in 2025 have provided a more certain legal framework, boosted institutional investor confidence, and paved the way for wider adoption.
Also read: 2 Altcoins Worth Watching This Week
Around 900,000 wallet addresses are recorded as having at least 1 BTC. The majority of Bitcoin’s supply is controlled by a small group ofwhales and institutional investors. If the price reaches $1 million, early adopters who bought at $1 or even $0.01 will see their portfolios explode in value to billions of dollars.

Strategy, for example, will hold more than $600 billion worth of Bitcoin assets if the target is reached. Satoshi Nakamoto, the anonymous creator of Bitcoin, is believed to hold around 1.1 million BTC. At $1 million, this holding is worth about $1.1 trillion (Rp17.8 quadrillion).
Bitcoin’s rise to $1 million will almost certainly trigger a huge rally in altcoins like Ethereum , Ripple , and even meme coins like Pepe Coin . The capital spillover effect from BTC to altcoins could create a massive bull cycle across the cryptocurrency market.
The target price of $1 million per Bitcoin is ambitious, but factors such as limited supply, increased institutional investment, global adoption, and regulatory support could unlock the opportunity. However, achieving it will require a combination of widespread adoption, technological advancement, and policy stability.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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