Can we have people who actually understand the question, answer it
Given that bitcoin has risen in price by 5,000,000 times since only April 2010, Is the current price practical? It went from $0.003 per BTC to now over $16,000 USD per coin.
What exactly does "practical" mean in this context? Is the current price the product of speculative hype, and could it be overshooting actual adoption rates and realistic utility? Sure. But that's the nature of markets. But every time the bitcoin price has crashed, it has recovered with higher lows and higher highs.
The price measures supply and demand over time, and the trend is
clearly telling us that adoption is increasing (among other metrics like Coinbase/Blockchain users and transaction volume). Metcalfe's law says that the value of networks is exponentially proportional to its user base. So if Bitcoin's user base is increasing linearly, we can expect that
over time, the price will increase exponentially. Exactly when these cycles occur is anyone's guess.
The whales and miners control 90% of the coins. Is it really practical to expect the price not to crash?
Any evidence for that statement? Anyway, there is one rule in crypto: There will always be dips/crashes. Be ready to buy them, because it's hard to find volatility this good.