My understanding towards your speech is that every time there is a bail-in action someplace in the world, the demand for bitcoin will soar and so as the bitcoin price. If another bail-in happens in some major western country (such as France), the bitcoin price may go to a level beyond our wildest imagination. Is that correct?
I think that wouldn't be an unreasonable expectation. Bitcoin has similar fundamental underpinnings as precious metals have: its qualities of liquidity, divisibility, ease of transport, ease of storage, and nonconfiscatability make it a near perfect safe haven asset in times of crisis.
Of course the bottleneck effects that we see whenever there's a surge in Bitcoin interest are still at play. Those will likely create temporary panics which then result in sell offs - such as the ones we've seen in 2011 and earlier this year.
In other words, while every new bail-in will potentially function as an afterburner for price the price of Bitcoin, we can expect a rocky ride ahead. Volatility will be the name of the game for the foreseeable future - but long term I expect much higher prices.
Unfortunately, the rise of Bitcoin due to this effect (not others) is somewhat tied to the decline of the US dollar as a repository of value, and that's not likely to happen the way it should because the US government has quite literally the big guns.
We saw this in Cyprus, where there was a rise in Bitcoin prices but there was also a significant (and as it turns out a bit more long lasting) rise in the value of the US dollar.
Now, the day someone decides to start trading oil in BTC instead of USD, then it's fasten your seatbelts time
