Saying we need derivatives are needed based on the conversion of bitcoins back into an unstable currency is a fallacy.
The point of derivatives was not to keep the price of Bitcoin at par to the dollar, but it can provide a hedge for those who want to use Bitcoin when their unit-of-account must be the dollar due to realities of their business.
But you missed the main point which has nothing to do with your assumption above.
There isn't enough liquidity in the Bitcoin asset to accomodate the $200 trillion net worth.
I am clearly writing about how to move more capital into the coin without necessarily increasing the price.
Amazes me how people can't reason things out. I can't imagine what it feels like to be average. Must be ignorant bliss.
Get bitcoin out of the dollar and the dollar out of bitcoin and we shall see what truly happens.
I had presciently answered you:
Also as the market cap grows,
there will naturally be more and more liquidity.
Non-sequitur to argue that something scales because it scales.