Short answer, yes.
Now upvote me and move on :p.
Longer answer.
There are a lot of crazy predictions for bitcoin. Some who think the coin will eventually hit the $1,000,000 dollar mark and some who says it will be worth $0. I don't think we have ever had something that smart people have argued for on both dramatically different sides. If you ask me I am the 1 milllion over 0 camp if I had to choose one. But how is that so?
One argument, which I heard from the Winklevoss twins is look at gold. They argued bitcoin is better than gold and thus bitcoin could see a similar market cap. I looked it up and gold has a market cap at 7.8 trillion dollars. Bitcoin, today, has a market cap of around 138 billion. Doing the math (I have been doing a lot math is my posts today :p) if the market cap reached 7.8 trillion than a bitcoin would be worth roughly $452,000. Pretty sweet. You can argue both sides of this. Gold is psychical but bitcoin is easier to work with. So maybe it can hit these crazy numbers.
There is also the fact that bitcoin is deflationary. There will only be so many mined and without making more the value of the coin should, in theory, only go up.
To me the biggest factor comes from the fact that bitcoin is easier to sell for fiat than other coins. Bitcoin is going to be the gateway coin I think a lot of apps are going to take off that rewards crypto and bitcoin will be the way we get it in and out of the real world.
What do you think? Lambos for all?