The total Bitcoin supply is limited to 21 million. Out of that, the market has lost, likely lost, or unmined 36% of the coins. That amounts to 7.56 million bitcoin units that remain inaccessible owing to human errors. It leaves the bitcoin market with the remaining supply of 13.44 million tokens, the last of which would come into existence by the year 2140.

Consider each BTC will cost $1 million, then the total market capitalization of bitcoin would become $13.44 trillion.

It would make the bitcoin network richer than China, the world’s largest companies including Amazon, Apple, and Facebook, and even the world’s top 50 billionaires combined. Moreover, BTC would become equal to 11.7% of the world’s GDP, 19.5% of global stock markets, and 32.5% of the total money supply – all on a bitcoin-against-the-other basis.

Bitcoin is the talk of financial sector for some time now . Top wealthy investors and Vcs wants to buy it all , but there is only a limit . If they want to buy all also its not possible as it will surge the market cap too high way too quick and the price will rise so fast that even those top wealthy people dont want to buy at such high prices.

So my question is will it reach 1 million as is predicted or its far fetched?

*Calculation Source - newbtc.com