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RE: Why Bitcoin won't reach $1 million (but is still a good investment).
There could be the effect of a bubble, so a peak to $1,000,000 at some point is not impossible. However, I expect extreme peaks to be less and less with every price increase.
For my exponential price projections, see: https://steemit.com/bitcoin/@wekkel/bitcoin-in-a-bubble-no-way