If you compare bitcoin to these other payment networks...

Based on Visa's valuation per account, if bitcoin were to get to just 7% of 4.5 billion accounts...

He is comparing apples to oranges imo, bitcoin is NOT a payment network, (and never will be one imo)it's use is limited to speculation.

Imo the majority of the few "payments" that happen on the bitcoin network are mainly from folks that are cashing out some of their profits by directly buying some stuff. Not to mention that there are and there will be more cryptos out there that can be used as payments networks too, banks included or not.

We should not forget that Irrational exuberance affects not only bull markets but bear markets too, and here we are....