This is an old topic but even a more interesting question than when he posted it.

If very few buyers, for example, Satoshi, bought or mined BTC in it's early stages, it would not be worth what it is now. This can be proven in a thought experiment. If Satoshi mined all 21 million coins and did not sell any, the value would be zero, since circulation is required for a value to be proven. Thus, if 100 people mined 1/2 of all the BTC, it is very likely the current value would be much, much lower than now. Perhaps $100?

Curious what others think of this concept. Thanks!

PS- this is my first post.