RE: What Does it Really Take for Bitcoin to Reach $1 Million?

You have raised some valid points, and I agree that this could be possible, but what about the effect on environment. Mining through Pow protocol is not cheap, granted that it fulfils the measure of scarcity. But on a second note, we have a whole new class of protocols that could possibly do the same thing, without biting the dust. It's something to think of, and also this is an emerging industry, we need to think of the mistakes that the traditional industries especially the banking industry has been making, so as not to repeat those mistakes again, otherwise this experiment with new class of assets will be failure.