Fees aren't proportional to UTXO value. So it's really hard to know at what price point will people be priced out.
All we can know with this kind of analysis is what is technically possible.
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Sure. But that's an upper bound. Hell, it's not even the real upper bound, due to non-btc protocols.
We just don't know without an economic analysis, which I was not trying to do. And economics isn't exactly all that scientific.