I actually tend to find a divisibility a good argument. However, one can find very difficult to own an atom of gold, whereas you can own 0.0000001 btc.
So, I do believe can crash because of this. I just hope it will return to a niche.
Let's compare apples to apples. There are about
10 billion ounces of gold in the world. Divide that by 21 million and you get that the final supply of each bitcoin equals about 476 ounces of gold today. A Satoshi is 0.000 000 01 bitcoin, so it is equivalent in supply to .000 004 76 ounces of gold.
.000 004 76 ounces of gold might sound small, but the equivalent value of that amount of gold at current prices ($1276/ounce) is .6 cents. That seems oddly close to a reasonable base unit for a currency to me.
Coincidence? I think not. Satoshi knew what he was doing and probably based the final supply and initial divisibility off of similar calculations.
excellent analysis, thanks.