Yea I agree that concentrated ownership should make it worth a lot less — but you are missing my point. Crashing to zero means nobody wants to buy what too many people are trying to sell. It’s not going to happen.

And also, when I say one person buy it for a million in actuality the probable “floor value” scenario is a million speculators trying to buy it for a billion dollars.

Bitcoin has been unleashed on the world and it will forever have a life of its own. Unless, of course, enough governments ban it and enough citizens obey the ban. Eventually even this scenario will become impossible.