A $1-million Bitcoin would upend global finance, reshaping wealth, inflation, energy markets and the very role of fiat currencies.
Bitcoin has already achieved major highs that very few thought possible. The ink on the current drivers of its all-time high is still wet.
One of the major catalysts was the introduction of spot Bitcoin exchange-traded funds (ETFs) in early 2024, such as BlackRock’s iShares Bitcoin Trust ETF. By mid-2025, US Bitcoin ETFs had amassed $14.8 billion in net inflows, with BlackRock’s ETF alone raising over $1.3 billion in just two days.
