Bitcoin A Crazy Target for BTC Or The First Major Global Bubble?

Greetings fellow cryptonians. The crypto space is an ever-growing exciting place which contains its fair share of bulls. These tend to belong to a younger demographic and also include a few forward thinking mid-life adults . However, we don't see many older people on this space and often these are the ones that are treating Bitcoin as a bubble and refuse to even look at it. Warren Buffet is one of such examples, he has been quoted saying that "Bitcoin is a mirage."

Onto Mark Cuban. He has also been one of those celebrities that mentioned that Bitcoin is in a bubble:

Note that the billionaire investor is getting his feet wet on it with $20 though:

Crazy laws have emerged in a few countries that have banned Bitcoin and other crypto-currencies, in the case of Bolivia, authorities have regarded Bitcoin as a multi-layered pyramid scheme. A remark that I found quite interesting.

Also, before I delve into it more, I'd like to say that I myself am a well seasoned Forex trader who also dabbed in all kinds of derivatives. Stocks, bonds, commodities, indices, precious metals, you name it, I've likely traded it. Recently about 2 months ago I've got my feet wet with cryptos, and I started moving fast to get into Ethereum. I am also a gold-bug. I'm actually more bullish on gold than Peter Schiff himself for reasons I will highlight in this article. Mind you, I don't know it all, and recently as I've been witnessing the amazing crypto gains, I've been pondering about a much bigger game being played here. The real game, not the fake game. The fake game everyone knows about and has 2 facets:
-Bitcoin is going to the moon because it's a new disruptive technology that will change how industry x and y operate etc.
-Bitcoin is going to tank because it's a tulip mania, it has happened before, it will happen again. Nothing is different this time.

Look, what if Bitcoin is a scam? what if Bitcoin is really a multi-layered pyramid scheme?
It has been known for some time that the global elite desires a global currency, a new world order currency if you will, and here we have something that pretty much has all the characteristics of a global currency and despite us all knowing how the new world order conspiracy goes, we are adopting Bitcoin like nothing else exists whilst naively thinking we are giving the banks the finger on this one. We are geniuses!

Ok, but here's what I'm looking at, and also the reason why I've been quite unsettled for the past few days. If Bitcoin reaches the value of 1M usd, then that means that people would still be able to get into this market with something as low as 100$, sure they'd get 0.00010000 btc, but if the fees at that time, with further development, can remain low, then that means that people would still be doubling their money by investing into bitcoin. Just let it top 2M, and your $100 investment is now worth $200. That means that Bitcoin wouldn't be expensive to invest in then. But when would it start getting expensive? Hmm, let's disregard transaction costs for now and say that 500$ = 0.00000001 btc (satoshi). Then the minimum investable amount would now be $500 and that already starts driving up the cost of investing in bitcoin. You no longer can buy 10$ worth of Bitcoin but you straight up have to put $500 down.
But by then how much 1 btc would be worth? That's 5Bn usd per Bitcoin! And the total market would be worth 105,000,000,000,000,000! That's only 105 quadrillions! I know I know, that's a ridiculous amount but did you know that the daily turnover for the forex market is over $4Trillion? Who knows how much money there really is in circulation!? Heck, at the height of Pablo's Escobar "career" the famous drug lord was turning over $21.9 billions per year that would go off the record. Who was accounting for that. That's an example of how events here and there can lead to high discrepancies in the total volume of currency in circulation. Simple Chaos Theory.

Now clearly the fees have to come in here at some point and kickstart this process sooner than this simplistic and idealistic extrapolation, so the total value would likely be less than 105Qn, but you get the problem, right? It is still there.

Now, facing this scenario, there are a few pertinent questions. Satoshi reportedly holds 1M bitcoins, and if 1btc = 5Bn, then 1M btc = 5 Qn! And we are unlikely to know if more buying was done until now through other funds/addresses to the same person/entity. So really, who is Satoshi!? Could Satoshi be part of the invisible hand? Rothschild maybe? They're big enough! And surely this is a time-tested family who has been through the cycles of currency births and deaths. I know it sounds nuts, but think about it, here we are, making a few thousands to a few millions thinking we're all very smart and got it all figured out, but really we may just be the ones that are only faster than the last ones.

Other factor is that for bitcoin to get to such ridiculous value, Bitcoin would have to eat the entire world's money supply. It would likely be done with it before even reaching the idealistic 105Qn. Which poses an entire new set of questions! If Bitcoin starts devouring fiat to increase it's price, then at some point, fiat must start to appreciate due to a lower supply. What happens to Bitcoin when this change starts to happen? Could we actually see bitcoin starting to inflate midway towards the 105Qn mark? In this case we may indeed be in a tulip mania, but this one would be the very first global mega bubble!

Branching off to an alternative plan, who can tell if the whole Bitcoin plan is exactly to devour some supply of world fiat to somehow restore the damage done by quantitative easing? It could be possible that a chain of events would lead to Bitcoin becoming indeed a bubble that would see the price come to zero in a flash and all this wealth being lost.

Also, with all the money moving from fiat to Bitcoin, retail banks may soon witness a shortage of funds, at which point we could trigger a crisis where hyperinflation in certain countries could actually be a possibility. We could expect the price of gold to further evaluate and reach new highs.

So, these are 2 massive plots that go beyond the average crypto Joe's head as of today, 18th June 2017. I do genuinely think there's something more to the whole crypto sphere and that we're being gamed on a level of consciousness we haven't attained, hence, hard for us to be aware of whatever is going on at a higher level.

Call me crazy, but save this article and do check it in a few years. It may make a lot more sense than it does now.

Cheers,