Bitcoin in 100k USD or more is possible, but that's a lot of money, I mean, how much money are in the world? is not infinite.
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Bitcoin in 100k USD or more is possible, but that's a lot of money, I mean, how much money are in the world? is not infinite.
It is kinda infinite. Money is not backed by anything. Governments and banks can print as much or as little as they like. That is why inflation happens and the buying power of Fiat currency constantly decreases.
Value is determined in the moment of transactions. It's worth whatever anyone thinks it's worth. Take a look at how many trillions of dollars are wrapped up in derivatives markets.