We've mined 17m of the 21m bitcoin already.
In that time bitcoin has gone up 6 million times its original value! That makes no sense at all. Even 1000x - 10000x increase would be rather absurd
Bitcoins price is WAYYYYY TOOO HIGH!!! Only 1% of the world has adopted the coin so far. It makes no sense that the first 1% to adopt (aka miners and HODLers) should get up to a 6 million times return on their money. While someone adopting today would get a one times return. That's simply not feasible. The remaining 99% of the population will not agree to deflate their own purchasing power by 6 million - they will just continue to use Fiat.
That's the biggest problem that will prevent bitcoin from scaling.
https://www.youtube.com/watch?v=F7luAHdv61kHeres a great video from Crypto Daily discussing the problems of bitcoins price
Well yes Bitcoin price right now is really high but it does not mean that it is expensive. Remember that anything in the world is actually price if there are people willing to buy it on the said price and as you can see people are still buying.
If you are saying that 99% will not agree to deflate their purchasing power basically Bitcoin has nothing to do with that. Even without Bitcoin FIAT depreciate yearly because of inflation and central banks printing out their currency.
Well you might be right that the price growth of Bitcoin is absurd and we have never seen this type of price inflation since the tulip mania and right now Bitcoin have surpassed that rise. We might see a Big correction in the future but with bitcoins history it usually recovers really fast.