Perianne Boring, CEO of the Chamber of Digital Commerce, predicts Bitcoin could reach $1 million per coin. The anticipation of a spot Bitcoin ETF approval has driven a 160% increase in Bitcoin's price this year, with a 65% rise in the last three months. Boring argues that the approval will allow easier access for investors, potentially increasing demand and driving prices higher. Institutional investors could improve their Sharpe ratio by adding Bitcoin to their portfolios. The Chamber's valuation models place Bitcoin's current value between $100,000 and $210,000, with potential for significant growth as adoption increases.