Sure .. in 1875 , before Maxwell arrived on the scene , the speed of light was believed to to variable ... In the hindsight , that might be true ..because the only reason we cant get to a unified theory is we are (thanks to Einstein :-) assuming speed of light to be fundamental constent .. there is absolutely no good reason for this assumption except the measurements with our rather arcane instruments and religious esq belief ..
But that is not even the main point ...
Just replace in btc in your analogy with xyz ..and you would notice same dreamy valuations 😂😂😂
The point is people are still going to eat , live in a home , invest in businesses , wear jewelry ... And most importantly - convert raw energy to electricity to run Bitcoin miners ..
On the other hand , my predictions are based on a simple idea - the market cap of Gold and BTC must be equal in 2034 .. in 2034 ..we will have around 210 million Kilos of gold and 21 million Bitcoin .. which means one BTC shall be equal to 10 kilos of gold ..
Gold will represent to real world and BTC shall be gold of digital world ..