Makes CBDC less attractive and Bitcoin more attractive

More money would pour into Bitcoin faster with higher prices especially 1m$

People love it expensive things

Adoption grows faster on $ ⬆️

If Bitcoin were to suddenly increase in value to one million dollars per Bitcoin, it would represent a massive increase in value and a dramatic shift in the global economic landscape.

For Bitcoin holders, this would mean a significant increase in the value of their holdings, potentially leading to a surge in demand for Bitcoin as investors and speculators seek to capitalize on the price increase. This would bring more mainstream attention to Bitcoin, potentially leading to wider adoption and usage of the cryptocurrency as a legitimate store of value and means of exchange.

On the other hand, such a sudden and dramatic price increase could also lead to increased volatility, with the potential for a sharp price correction if investor sentiment were to shift suddenly. Moreover, such a dramatic increase in price could cause regulatory bodies to take a closer look at Bitcoin and potentially enact measures to regulate or limit its usage.

Overall, a sudden increase in the value of Bitcoin to one million dollars per Bitcoin would represent a major shift in the global economic landscape, with both positive and negative implications for Bitcoin holders, investors and speculators, and the broader cryptocurrency community.