The fiat currency system is already debasing, so I doubt that we need to presume extraordinary debasement for bitcoin prices to go up 10x in a cycle.. maybe not in a year but in a cycle.. which surely is closer to the 2 years from now range rather than the 1 year from now range.
Just since you two happened to mention debasement of fiat in relation to appreciation in bitcoin's price, it makes me think back a few years when I remember writing that in order for bitcoin to hit $10k/$20k/$50k that the global economy would have to be in such a crisis that any celebration of bitcoin's gains would be blunted by the effects of the crisis....and I was so wrong that I don't think I can ever be as wrong about something again.
I guess what I'm getting at is that the strength of fiat, its future, its downfall, whatever, may not be as correlated with demand for bitcoin as you or I think. Or at least I was proven wrong so badly that I know better than to make predictions like the ones I made years ago (and I forget when those were, but probably around 2015-16). And while I think it's unlikely bitcoin is going to reach a six-figure valuation anytime soon,
what the hell do I know? Markets have fooled me so many times that I've thrown in the towel and admitted I know nothing about how or why they move the way they do.
But here's hoping Michael Saylor's hexadodecalogue is on the money.