Unfortunately, before we reach the levels of one million dollars for Bitcoin, which may take about 10 years, the possibility of a third world war seems promising, which will make the calculations of reaching these levels very foggy.
I think that people approach very frivolously the concept of a possible new world war when it comes to the relationship of that war to previous world wars. The amount of nuclear, biological, and chemical weapons in addition to conventional armaments would mean the practical end of the human species - and all great powers know that such a war must be avoided at all costs. If that were not the case, the EU, Japan and the US would have already declared war on Russia, and thus on China as its ally.
Therefore, I personally see that the next cycle will be the last traditionally, and then either we will witness rapid growth towards one million or a return to levels below a thousand dollars.
Such a development of events is extremely unlikely for me personally, because as I have already written, I do not believe in a new world war, and I do not see why only the price of Bitcoin would be a decisive factor in its success. Those who advocate Bitcoin as a Ponzi scheme keep saying that sooner or later the whole thing will collapse - but they've been saying that for more than 10 years and they won't give up on those ideas.
I, on the other hand, believe that Bitcoin is on its way to even greater adaptation to the existing systems and that it is not all about how much it is worth - because we have to be honest and say that even at this moment it is worth far more than what the majority hoped for 5+ years ago.