Long term outlook for a $1,000,000 bitcoin is very strong by 2040. We’re already seeing massive private and government institutions pouring hundreds of billions of dollars into it. The overall crypto market is about $3T USD, while gold is somewhere around $20T. While gold has more industrial use, bitcoins advantages are the traceability and instantaneous transactions. Most people expect those two commodities (bitcoin and gold) to be roughly equivalent in the next 15 years.