Makes sense. Most of the folks who have been in Bitcoin 6+ years have observed multiple crashes, exchanges going bust, Bitcoins vanishing into the ether (no pu

Makes sense. Most of the folks who have been in Bitcoin 6+ years have observed multiple crashes, exchanges going bust, Bitcoins vanishing into the ether (no pun intended), and people being unable to recover their assets. People hold Bitcoin as insurance against the dollar collapsing. It makes no sense to assume that both Bitcoin and dollars will be circulating currencies: currency is a winner-take-all market, the most widely-accepted one will win. The Bitcoin price is a superposition of those who believe that Bitcoin is going to infinity and the dollar will become worthless, and those who believe that Bitcoin is going to zero and the dollar will retain its position as the global reserve currency.