Network effects (Metcalf's Law) has nothing to do with price. Its only describes user adoption.
You are sounding like the latest troll - with your simplistic and inaccurate statements.
You may need to go back and reread metcalf's law and then consider how it would apply to BTC.... You may even need to use some imagination about what greater networking effects would cause for BTC prices.
Bitcoin price is purely speculative. It can be $1000 or $50 and still be used for for the same amount of transactions. You have to consider velocity.
If Bitcoin's price were $50, then the market cap would be around $650million. You would NOT be able to perform very large or very many transactions without creating considerable volatility. Even with a $1000 price, BTC's market cap is around $14 billion, which is certainly more functional than $50, but if anyone were to attempt any billion dollar transactions, the price would likely be too heavily affected. BTC's price in the $10k plus arena brings more utility and $100k would bring even more utility with a $1.4 trillion market cap (about 1/5 of Gold's market cap).
I'm not sure if I agree Austrians are proponents of bitcoin. I was reading some bitcoin articles on Mises.org and it seems like the guys who comment who knew what they are talking about were opponents of bitcoin. I only see more bitcoiners claiming to be Austrian & the Austrians response was that bitcoiners don't understand Austrian Economics
What you are saying here makes NO sense because it lacks specifics, and appears to serve as pure mudslinging...