Where did you see that 1% of the population are dabbling in bitcoin? I think that is a massive over-estimation, I actually think there are less than 10 million people worldwide using crypto, that's about 0.1% of people.
I am of the view that bitcoin will reach approximately $100,000 once its user base increases 5 fold, this will probably take about 2-3 years.
Just read carefully i wrote: "
With less than 1% of the population dabbling in Bitcoin, does the value seem too high, too low, or just right to you?"
There are 16 million coinbase accounts alone.
Clearly some people will have multiple and some companies may have them. But considering that this excludes most of Asia and a good portion of people who don't use Coinbase...