The price of bitcoin could reach $1,000,000. That still does not mean it is a real economic asset. It can not be used to produce goods or services without conve

The price of bitcoin could reach $1,000,000. That still does not mean it is a real economic asset. It can not be used to produce goods or services without converting (selling)to fiat at some point. It can not be used efficiently (competitively) with high transaction costs and deflationary supply. Money does not produce value. Price does not produce value. Hodling non productive assets does not produce value. See Adam Smith's "The Wealth of Nations."