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RE: Does $300k seem too high to you?!
The problem is, will you get out at $300k?
What will you get out into?
Fiat will be crashing worse than now.
Is it this cycle or next cycle that bitcoin goes no-bid? Where no one will trade bitcoin for fiat on an exchange.
I don't think bitcoin will go no bid (though I think you mean no ask as no one will be willing to sell their bitcoin for fiat?! Bid is the offer to buy price). I think everyone will keep their local currencies, at least for a long while still, and bitcoin will be the settlement layer and reference rate for which every other currency is based. Dollars will still exist but they will be back by satoshis, just like every other currency. That is where I think we are heading eventually anyways...
I can never keep those two words correct. Bid/ask. This gets deeper because i can never keep straight which is the market, and which the currency.
The Internal market here always confuses me.
I too think that bitcoin will behind everything as the settlement layer, but i do not know what the local will look like. I think it will depend on the locality, where every place tries something different.