What If Bitcoin Hits $1 Million?

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Drivers of Bitcoin’s valuation in 2025

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. 

In addition, US President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve in March 2025, capitalized with approximately 200,000 Bitcoin, sent a clear message of government support. This further reinforced Bitcoin’s growing status as a legitimate asset and helped boost investor confidence. 

The optimism surrounding Bitcoin reached new heights during the “Crypto Week” in Washington, D.C. in July 2025, where Bitcoin surged to an all-time high of $123,166.


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