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RE: Would You Buy Bitcoin at $1,000,000 ?
The value of Bitcoin can theoretically continue to double again and again because the gains it makes can't be inflated away by a central authority and given to the top 1%.
The limit of blockchain's value is the same of technology in general: no limit.
It all depends on how much of the old paper is allowed to get transferred into the digital.
Each transfer out is a block removed from the Jenga pile. Most of the derivatives will evaporate. But, at what point.
And of course, with a non-inflationary currency every thing brought to market makes cryptos more valuable.