Bitcoin could be $100k
Or it could be $100M
Both are possible.
We’re measuring a scarce asset with a fixed/known supply against an illusionary asset with an unlimited/unknown supply.
Measuring bitcoin in USD terms is silly. But because we’re so used to doing this, it’s what most people default to.
When you really start to understand bitcoin, you will come to the conclusion that everything (EVERYTHING) will fall in price relative to bitcoin over time.
Bitcoin has no top because
Fiat has no bottom.
Hope that makes sense!