This is why I’m confident that Bitcoin will reach over $1 million in value soon.

There are approximately 88 million millionaire individuals worldwide. If we were to gather all 21 million Bitcoins and distribute them solely among these millionaires, each would receive no more than a quarter of a Bitcoin, which is worth only $25,000 at today’s price.

However, the reality is that there aren’t truly 21 million Bitcoins in circulation. To date, only around 20 million Bitcoins have been mined. Out of these, 1 million belong to Satoshi's wallet, and an estimated 3 to 4 million Bitcoins are lost forever. This means, in practical terms, the millionaires mentioned earlier, each would receive less than 1/5 of a Bitcoin, valued at under $18,000 based on today’s price.

Now consider this:

1. The millionaires mentioned earlier could easily pay "10 times" the amount ($180,000 for their share of 1/5 of a Bitcoin at today’s price) without it significantly affecting their overall wealth (average net worth estimated to be somewhere between $2 to$3 million).

2. The global population is "100 times" larger than the number of millionaires.

3. We haven’t even accounted for non-individual millionaires, such as banks, governments, corporations, retirement funds, NGOs, and other entities.

Conclusion: Bitcoin's price has massive room to grow - we could easily see it multiply 10 to 100 times from here.