If bitcoin goes to 35,000 why is it any better then your local house tripling in price and becoming an unavailable purchase for the younger generation in that neighbourhood. We might view a higher price as a positive but also I think it brings some negatives with it, because the market is both buyers and sellers.
I'm really more interested in the underlying market developing, I know the price is nice to see rise as a positive indicator but revenue and general population of bitcoin users rising is probably a great positive longer term
I'm really more interested in the underlying market developing, I know the price is nice to see rise as a positive indicator but revenue and general population of bitcoin users rising is probably a great positive longer term
Assuming a stable purchasing power of USD, 35k BTC will be just as useful money as 5k BTC (except maybe that 35k BTC might be more liquid and less volatile).
On the other hand, a house is something that you need. Although there is a certain degree of elasticity, you'll need a certain amount of square footage for you or your family to live in comfortably. If you can buy that house for 100k, you might be fine. If you need to buy that house for 1M because of the market, you might be shit out of luck, and your wellbeing will suffer for it.