I used to think that Bitcoin has no assets underneath it like all experts says. However, I have changed my views. There are ultra-libertarian type folks who wil

I used to think that Bitcoin has no assets underneath it like all experts says. However, I have changed my views. There are ultra-libertarian type folks who will rather risk tremendous losses than give in to their principles. These are probably 5-10% of the folks in US. Then there are people hit by a corrupt governments and high inflation (> 20% yoy). These are probably a 5-10% of folks. This IS the “assets” underneath bitcoin. In all, I think the value of Bitcoin eventually stabilize at around 1% of world GDP eventually given these reasons (regardless of it’s actual utility to make transactions). This comes down to about $40k per Bitcoin in 2020 money. It would obviously not wise to not sell if it ever reaches 5X of this or $200k in 2020 money.