If we all keep around ~1000 $ worth of bitcoins, and there were the same number of us, as there are bitcoins, then ofcourse the price would be 1000$ per coin.
Even better so, if 21 million people hodl 1 bitcoin, the price would be what ever we want, because it would be impossible to obtain bitcoin.
Like with everything else, the minimum price is dictated by the weakest link of bitcoin holder - the one that sells for lowest rate.
cheers
This will kill Bitcoin as a currency. Everyone hodl and nobody using Bitcoin. The store of value must be the secondary consideration for Bitcoin, because the value of the currency is also linked to it's use as a payment method. In that scenario it would act like gold.
I would think, people will have a <selling limit> at which they would start selling again. The speculators will constantly buy and sell at the low and high ends. The advantage Bitcoin has, is it's ability to have both these characteristics in one technology.
This what i wrote above would kill it as a currency, but i was just mentioning that fact as a value factor. The massive holding in that percentage will never happen, but
part of the community that will hold, will result in a partial increase in the price none the less.
There are many things that could ultimatively increase the price, but holding (even tho maybe not healthy in masses) is the best way to "boost" both the price and the further interest of people.
cheers