Bitcoin price is correlated with transaction volume. There are now 300000 transactions per day in bitcoin. Compared to 1 non cash payment per person per day. There are 6 billion people in the world. If everyone uses bitcoin, we have 6 billion transactions per day. 6 billion divided by 300000 is 20000. So there is plenty of upside in bitcoin. Even if one percent of the population starts using bitcoin in a payment system, it would go up 200 times.
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