Pure fantasy to propose the masses (the 99%) are going to tolerate a 100000X devaluation of the western financial system handing half of society's net worth to the bitcoins minted in the first 4 years.
To be a viable currency, Bitcoin would have to be distributed to the masses, because the 97% only gain their wealth from money spent as currency. The wealthy Bitcoin early adopters aren't going to spend, rather they will invest their coins to gain more coins than they had.
Thus the masses would be forever impoverished in Bitcoin's coin supply model.
Sorry Buttcoin is a Trojan horse. See the links my prior post for details.
You seem to think that Bitcoin is going to destroy fiat. It's probably not gonna happen. The existence of gold doesn't destroy fiat for example.
Think about the fact that to reach 100 000$ per BTC, Bitcoin need only to capture 15% of the value of the gold market, without the need to capture any value of the fiat market.
My point is only that if BTC will dominate as proponents expect, then the dystopian outcome will occur.
I don't expect BTC to dominate as a currency for numerous reasons, e.g. a real altcoin will appear, Bitcoin mining is designed to be cartelized so it will be taken over by the government, BTC is not well distributed in society, etc..
So what I am saying is the dystopia will be averted, but how it is averted is important. One possibility is a very bad one for Bitcoin holders-- tax debtors prison. Blame the global debt crisis on the speculators. Tax the rich 1%. We are the 99%. Operation Wallstreet, etc.. But if BTC never makes it to $30,000+, it probably won't happen.
Btw, 21 million ButtHeadcoins x $100,000 = $2.1 trillion
At $1 million, mcap = $21 trillion.
Gold market is $5 trillion or so but much of that is not privately owned. So you must have transposed the digits, you mean 51% of the gold market?