The analysis projects a future price of Bitcoin at $1,000,000, based on historical performance, particularly Bitcoin's ability to grow seven orders of magnitude in price, and on power law. The price discovery for Bitcoin is considered to have begun approximately one and a half years after its inception, and its age has doubled four times since. A critical factor is the amount of capital required for Bitcoin to achieve very large institutional capital because, with the scaling of Bitcoin prices, more capital will be required to come in. The current price of Bitcoin is $120,000, so this prediction implies a growth factor of 8x. For large institutional capital the price need to be higher and Bitcoin will attract more large institutional capital. The magnificent seven have almost no bitcoin so far, but it is predicted that this will change.