If Bitcoin reaches $1 million, it signals significant market changes driven by factors such as limited supply, institutional investment, and global crypto adoption. Scarcity ensures Bitcoin's potential value rises with demand while institutional participation legitimizes it as an asset. A broad adoption by up to 40% of the global population, or approximately 1.6 to 3.2 billion people, is crucial for this surge. Influential figures like Cathie Wood and Michael Saylor predict Bitcoin's rise to $1 million, with Saylor suggesting a 10% reserve allocation by Wall Street as a key trigger. However, early adopters would see substantial gains, while latecomers might face inflated entry costs and potential losses. Additionally, Bitcoin's future faces threats from quantum computing, with vulnerabilities in its encryption methods. A successful quantum attack could destabilize the cryptocurrency landscape significantly, underscoring the importance of transitioning to quantum-resistant technologies despite the challenges involved.

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