If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.
Shusht!
Be quiet!
You're not meant to say these things! People on this place actually think that Bitcoin is a hedge against collapse of USD and that when the USD actually does collapse, that we are all going to happily exchange things of real value and use for lines of algorithmic computer code backed by no real commodity and backed by absolutely no standing authority! Those of us that have most of these lines of code are going to be the richest!
Looking at the threads on the speculation forum now. One is talking about $1000 BTC, another $10k, and a third mentions $1 million bitcoins. And there's a few people on there saying $1 million is a conservative estimate. I agree with your sentiments above. While I do see potential in bitcoin, a lot of people seem to be delusionally bullish.