Possible, though there would be a lot of factors that would come into play before it comes into fruition. One of which would be inflation, for sure. It's not a secret anymore that the economy suffers from inflation every year, and there will come a time that the devaluation would be so massive that the prices would seem to be too high when in reality it was all adjusted due to inflation. Bitcoin will not be exempted from that should the world's economy continues to use fiat for decades on end and undergo inflation.
Another scenario in which this is possible is if most countries in the world recognizes bitcoin as a legal tender. Many people will start holding it due to obvious reasons and the prices would go up. In a perfect world scenario this is easily achievable, although we know that there are a lot of hurdles that might come along the way that could prevent this exact thing from happening.
Countries recognizing as legal tender will probably not happen anytime soon, maybe in the future that could be a thing but I do not see it happening any time soon. However inflation is a lot scarier. We didn't had too much crazy inflation and we already reached 40k, that means if we were to be 10 million, we would need a lot more than what 2020 did, consider how horrible 2020 was and think it only made 4x increase, we would need about 20x increase from here, so that means we need a year that is 5 times worse than 2020 was, I hope that never happens.
We are going to end up looking at 2020 as one of the worst years in recent memory, every year people say "what a bad year, we finally move on to new year" but reality is that I think this was one of those 1918, 1945 type of big year, 2020 will be remembered even when every single person alive in 2020 dies, next generation will talk about how bad this year was even though they weren't alive just like how I wasn't alive in second world war but I know how bad it was. I hope that we do not have five times bigger than this in inflation
that would be horrible.