I think this thread will be open for more than a decade so let’s enjoy the ride.
I don't think so. If you had asked me 6 months ago I would have said the same as you. But with the state FOMO that is going to be unleashed, followed by the institutional one, I think it's going to be quite a bit less. Just think that Michael Saylor alone bought 15,350 bitcoins last week while 3,150 were mined. Saylor is not going to stop buying, and neither are the spot ETFs. Add to that the states in FOMO and you see the same supply shock I'm seeing.
Yes, we can say that sky is the limit moving forward, it might take decades for others and we can't do anything about it. But the market can do something that we don't expect, just like what we are seeing in this bull run.
Maybe we could get into $200k at the top for this run.
So everything is possible, it has been proven many times already and all we have to do is to believed that we will achieved and unlocked that 7 digits in the future.