Bitcoin to $1M? Corporate Treasury Boom Could Spark Dot-Com Level Mania

Key Points

1. Bitcoin (BTC) was trading just over $118,000 after recovering from a dip to $114,500, with predictions suggesting it could reach $1 million.

2. Swan, a Bitcoin-only financial services provider, describes the current rally as the 'least euphoric bull market' due to corporate treasuries and ETFs absorbing BTC through algorithmic buys.

3. Corporate and institutional investors, such as CFOs and CIOs, are diversifying balance sheets with BTC, leading to 'deliberate absorption' and stable price action.

4. Crypto influencer American HODL predicts a 'treasury company bubble' similar to the dot-com era, potentially driving Bitcoin's price beyond $1 million over 3–4 years.

5. Factors supporting the $1 million prediction include quiet corporate absorption, sovereign entities stacking Bitcoin, and major treasury firms preparing for large bids.