Often we see people predict a Bitcoin price like $150K, or even we see $1M predictions. Let's say Bitcoin reached $1M; does it mean the Bitcoin game ended? Definitely not, but the wrong thing is limiting the Bitcoin price. We have to remember, Bitcoin is just not an asset or stock; it's a decentralised cryptocurrency with a limited supply. But it was never limited by the price; as always, Bitcoin just created a new history by breaking ATH. When you are capping Bitcoin with a limit, you are putting a limit on something that is always meant to be limitless.
Let's be real for a moment. Is it really a dream? We are not dreaming, really; we are witnesses of how Bitcoin is growing without a limit and creating history with ATH. When we saw the dump again, Bitcoin created a new ATH. That means if you ask me about the target of Bitcoin, then I will say ATH. This isn't a goal actually; this is the next movement of Bitcoin, and again, the next ATH. That's how Bitcoin will survive forever. Because no one can stop it, government and regulations can't kill it. Due to decentralised behaviour, it will exist forever.
Maybe I could see price growth beyond 1 even 2 million.
But there are issues to it when block rewards shrink.
So far i have yet to see a viable fix to keep attracting miners to it.
2028 = 1.5625 Price needs to be over 240,000 and it works for miners
2032 = 0.78125 price needs to be over 480,000 and it works for miners
2036 = 0.390625 price needs to be over 960,000 and it works for miners
2040 = 0.1953125 price needs to mm be over 1,920,000 and it works for miners
2044 = 0.09765625 price needs to be over 3,840,000 and it works for miners
So I can see price growth for at least 20 years especially that pools are now taking fractions of sats for tx fees.
If you knew exactly how much fiat is going to be printed in this period you could speculate on whether it is going to be a problem or not. But we don't know, we can only make assumptions based on past data. History shows us that we will see massive printing over the next 20 years, so reaching a price of $4M in 2044 is not that extreme.
Scarcity is not reason to make Bitcoin valuable and interesting for investors. Shitcoins can have scarcity in total supplies but they are not good for investment as they don't have good fundamentals, technology and their adoption is very limited or zero.
Shitcoins can not compete with Bitcoin and can not have higher prices than Bitcoin in a long term. They can be scam altcoins and somehow were pumped to higher prices than Bitcoin price but scams and scams and after pumps, there will be price dumps.
Shitcoins don't have real scarcity you are mistaken. Fake scarcity is not important and not worth a discussion.