A growing group of Bitcoin bulls are now openly discussing a $1 million Bitcoin scenario, framing it as a monetary counterweight to central bank expansion — an "attack on the Fed" narrative driven by scarcity versus unlimited fiat issuance.

Despite short-term bearish sentiment among U.S. traders, capital flows tell a different story:

• $2.2B in crypto ETP inflows, with Bitcoin dominating gains

• Institutional demand continuing to absorb supply

• Bearish positioning re-emerging even as long-term thesis strengthens

This episode breaks down why sentiment often diverges from capital, how macro pressure fuels the $1M narrative, and why Bitcoin's role as a monetary alternative keeps expanding regardless of short-term volatility.

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2226: Bitcoin Bulls See $1M — "Attack on the Fed" Narrative Builds