maybe I did my math wrong, but I'm pretty sure that in order for bitcoin to reach $1,000,000 HALF THE WORLD would have to adopt bitcoin. Assuming there's 10.5 trillion dollars in circulation, divide by the million dollar mark of bitcoin, then divide by the 21 million bitcoin hard wire, and I got .5.
Not everyone use dollars and the amount of dollars in circulation is increasing way more than the amount of bitcoins in circulation
10.5trillions is M2 a year or 2 ago, M3 is not disclosed anymore but it is probably 16-17 trillions and increasing
so, what happens in 10 years when cryptographic technology is 100x what is today? Bitcoin will be like an old rotary telephone.
Bitcoin can adapt, Phone companies or internet companies don't automatically go bankrupt as soon as a new tech arrives, sometimes they grow bc of it