I think there's still an easy 10X to match Gold and 100X is possible if it becomes the world's preferred reserve asset
Bitcoin may go to a billion and it won't change the fundamental premise:
You can have ALL the Bitcoin in the world, all of it, and if there's no buyer outside, nobody willing to trade anything for it you have nothing.
Now use the same argument with all the land in US, all the crop in India, all the fish in the Pacific, all the gold in Russia, all the wine in France, all the bakeries in Palermo, all the cars in Sydney.
You farm, you eat, you can make jewellery and tech, you drive.
And yes, it applies to US dollars too (albeit to a minor extent). If nobody wants it you can just stare at dead national heroes on paper, or burn it idk.
Wealth does not come from money, and of all the money, you choose to speculate on the exchange price of a virtual one.
The premise will never change and crypto cultists keep fooling themselves and finding many weak and illiterate to join their ranks.
But any price movement will not change the fundamental issue.
Haha, bitcoin never even attempted to solve your "fundamental premise", and never made any such promise. Bitcoin is like fiat money in that regard, and different in other regards.
Whats the logic connecting BTC to gold? Why would the two prices be connected in the way you're suggesting?