I ponder what happens if BitCoin does reach USD$1,000,000.
Does everyone who as 1 BTC or more cash out and a walk away with their $600,000 after taxes?
What does that do to the economy?
Will it crash the economy? Cause hyper-inflation? Hyper-deflation?
If it crashes the economy and people lose faith and trust in the USD and BTC, what happens next?
Do only those with hard currency (gold and silver) end up with wealth?
Who has been collecting the hard currency as BitCoin rises?
Why has gold/silver prices dropped as BitCoin rises, shouldn't they also be a hedge against fiat currencies?
I can only ponder conspiracy theories and fantasy. I do not have the background to really figure out the possible scenarios. Heck! It is probably hard for the people who do have that background.
Interesting times ahead.