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When I look at Bitcoin from a practical point of view, I don't see $1 trillion worth of goods and services being passed through it. Russia and Australia have an economy of $1 trillion. Their total population can collectively only produce $1 trillion in value. What can Bitcoin do? Not even 1/50th of that.
If you have any "rebuttals", fire away.
You may argue that Apple produces goods and services while Bitcoin produces nothing. Well,
Bitcoin is a payment system some people find convenient to use,
so it is a service in a way.
Now, think of the situation when only 1% of the world population, at each time step, were using Bitcoin for payments.
The points you raised which I italicize are the salient point most bitcoin businessmen don't seem to know and are thinking that the predictions of price are just out of the blues. When Bitcoin becomes the world's most preferred payment system, I wonder what the value will be then. Which is why I prefer mass adoption now that expecting price high.