It has always been worth at least 6 digits. Most of the world is just slow to catch on.
Well, sure! To someone who bought at 4 digits, there would be a bit of bias there.
How do you separate actual use from the speculative demand? I'd like to see data backing that it's not just your own sentiment.
I can claim that one BTC is worth one million, and would be as valid as your opinion of $25, but in the end, the price is dictated by the market, clear and simple. It's currently $429.
Fair enough!
I'll try to compile my lists of data and post it up
You assume that Bitcoin has zero use as a store of value. A price of 50 dollars/BTC, total market cap 600 million dollars, assumes that one million users have a demand of only 600 dollars worth of Bitcoin per person. Anyone who believes that is totally disconnected from reality.
That isn't how market capitalization works, besides, when there are indeed 1M users then maybe it'll be worth more.
Bitcoin is a terrible store of value except when it's rising. If you were one of the unlucky saps that bought at $1200 where would you be now? You either sold in which case you aren't storing anything, or you are down 60%. I just don't see how that is a good store of value.
Oh maybe you meant a good store of value for those who got in earlier than most???
It is not a stable store of value over a short period time, but it is the only asset that has certain invaluable properties which anyone who has taken the time to try and understand Bitcoin well understands.