Why $BTC is hitting $1M or going to zero

No middle ground anymore. Either hyperbitcoinization wins and we see 7-figure $BTC, or the entire thesis collapses under regulatory nukes and quantum threats.

The binary outcome is real:
→ $1M: Nation-state adoption, reserve currency status, fiat collapse accelerates
→ $0: Coordinated government bans, unforeseen tech break, or something catastrophic we haven't priced in

Mid-cycle cope is over. Pick a side.