Day by day, Bitcoin's (CRYPTO: BTC) unique characteristics, which make it unlike any other asset in the world, are becoming increasingly recognized and understood by investors. The recent approval of spot Bitcoin exchange-traded funds (ETFs) will amplify this understanding, as these ETFs simplify the process for investors to gain exposure to Bitcoin.

While the approval of spot Bitcoin ETFs has been widely celebrated as an unofficial stamp of legitimacy, signaling that Bitcoin is here to stay, there is another crucial dimension to consider. Once this is fully understood, it will become evident that Bitcoin has the potential to reach the coveted $1 million price tag.

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Source Fool.com