For me, if there will surely be more market adoption through this, the market volume of bitcoin will surely increase, as high demand for bitcoin will induce hodlers to sell in a higher price. Thus, making an assumption for my theory that Bitcoin Adoption is Proportional to Market Volume.
i disagree
1. at the moment the public bitcoin exchange only hold about 1.5mill coins combined(10%)
this could be 1.5million adopters owning 1 coin, it could be 15million adopters owning 0.1coin or it can b 150k adopters owning 10coin
2. with 16mill ccoins not on public exchanges these can be 1 person owning a million coins(satoshiN) or 1.6billion people owning 0.01coin each...
3. also most of these international stock exchanges are not trading actual bitcoins but shares of bitcoin. imagine a for instance an ETF where 1 coin is 100 shares... thats upto 100 adopters per coin. or 1 person.. however without changing the amount of coin hoarded by an ETF, the ETF could do a share dilution process whereby they change the shares to be 100000shares per coin. again this can be 100,000 people per coin or 1 person
so bitcoin adoption not being related to how many coins are available as it can vary.. means that the price cannot be linked to adoption