The reason global retailers are adopting btc is they know there's a huge user base already

however, all that acceptance is killing exchanges since retailers dump

the underlying fundamental is users

that number is growing exponentially and you just need to see the blockchain.info wallet info

70K wallets btc was 50 range
700K wallets btc was 500 range

next fundamental for the 1000% jump is 7M wallets

right now you have 2M and the pressure of retail dumps is driving the value down

so once you understanding the real fundamentals involved in btc that being user base

that's the only thing that matters

so 7M wallets = 3K to 5K value in some educated opinions I've seen

then what

70M wallets and 30K to 50K btc?

700M wallets

btc is still a baby in terms of market acceptance

you know how many people gamble and do drugs?

haha

that's enough to take btc to 700M wallets or 10% of the world

2m wallets is nothing