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Well, there are some broad metrics we can think about. If Bitcoin become a sort of reserve currency, or a digital gold, or a combination of both, shouldn't its total market value be a proportion of what currently occupies that title?
So, do the math. X% of Gold, or X% of reserve currency. Inject that value into 21 million Bitcoin (or the circulating supply at a given moment).
Here's a valuation prediction applying Bitcoin daily trade volume of 10% of foreign exchanges which are $5 Trillion[0]. This would price BTC at $100,000.
Only after it approaches somewhere close to these numbers, would you expect to see appreciation in the range of fiat inflation.
That's how it can be.
[0] https://www.cnbc.com/2017/05/31/bitcoin-price-forecast-hit-1...