Bitcoin minimal price in 2050 - some heretical thoughts

[JaanusRaim]

We have here (in Bitcointalk) very often talked about the possibility that Bitcoin will achieve 100% public acceptance and will become the world money like USD today - its price in this case will be somewhere around one million USD (in the USD nowadays purchasing parity).
We have talked much less about the possibility that Bitcoin will lose its public acceptance for some reason.

The one chance no-one can fully deny is that Bitcoin will die due to some major disaster (like for example Carrington Event). In this case there is not much to speculate - the BTC price will be exactly zero because you can not sell or buy a thing that does not exist.

But there is another possibility that is much more interesting. BTC will not die but will lose all its fame due to some technical or juridical reason. For example, if some other asset (or many assets) will outperform Bitcoin in any possible aspect and eventually even every blind dog understands this.

What will be the price of BTC stripped from all its present fame and sold/bought as a mere collectible due to its historical fame/past importance ?
I bet it is somewhere around 1 USD (in the USD nowadays purchasing parity) because for example old Russian tsarist paper rubles (backed by gold) are now in the market as collectibles with the value about 1:10 000 in relation to the value of gold they were (or are) backed. Therefore I am quite sure the price will not be 0.01 USD or 100 USD in that case.

This 1 USD will be the long run equilibrium price. In the short run in some exchanges the price will fall as low as 0.01 USD temporarily with the tremendous sell-off like what happened on June 19, 2011 on the Mt.Gox.

But what is the probability of the abovementioned BTC disaster ?
This is not big but certainly not as small as 1:10 000 !

[Ambatman]

We have here (in Bitcointalk) very often talked about the possibility that Bitcoin will achieve 100% public acceptance

No money on earth has full acceptance or 100% acceptance not even Gold or the US dollar.

Snip

I found it out comprehending what you are saying TBH
Bitcoin going to $1 on what basis?
What went wrong?
The possibility or probability of Bitcoin experiencing such is lower than the probability of it crossing $1 million dollar.
It's already noticed by the world and would only take a fault that would affect it in a consensus level
To really harm Bitcoin.

[shinratensei_]

Carrington Event doesn't necessarily able to destroy bitcoin, maybe disrupt temporarily but once dust settled the nodes can connect again. You need to remember that bitcoin's blockchain is stored across tens of thousand nodes around the world and at the worst case scenario where internet severely disrupted, bitcoin could recover once internet become normal again.
The biggest concern that people are talking about mostly is sanction from majority countries but even then bitcoin will be alive and only the price gonna get hit badly.