Let’s assume 2017 repeats 10x. So instead of going up from ~300$ to ~20.000$ we go up from ~3.000$ to ~200.000$. Who will pay more than 100.000$ for one btc? Especially as history proved us that a long and hard crash will come shortly after such an increase?
And doesn’t it need a ton of money to pay all those hodlers that wanna sell at that price? Where will it come from? Institutions? More private investors hoping for an increase to 1.000.000$ ?