RE: Bitcoin will go to $1M / Why other cryptos won't (part 1)
The thing is that it doesnt take $21T for the market cap to jump to $21T. Hence, there is a lot more upside than people imagine.
That said, I think the problem with this analysis is that Bitcoin biggest strength, its store of value, is not as important in a rapidly deflationary world. Whether one calls something new technology or not, there is no doubt the impact of technology on things. Anyone who pays attention is seeing the onset of this being laid as industries such as healthcare, education, and construction about to get blasted like they never saw before. Disruption is going to take place on the scale of hundreds of trillions of dollars.
Any analysis that overlooks this major point is bound to be off.
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