There are some things that just aren't going to happen almost under any circumstances, and 1 BTC being worth $1 trillion is one of those things.
The reason is very simple. The global economy is around 88 trillion dollars, so even if all our money and assets were Bitcoin, the maximum price would be around 4.7 million dollars per coin. Can the economy grow over time? Absolutely. The global GDP grew from 12.5 trillion dollars to almost 90 trillion dollars in 35 years. So under this hypothetical situation when everything valuable is Bitcoin, Bitcoin would be around 15 million dollars. But a trillion dollars is just unbelievably far from the actual global economy.
Please correct me if I'm wrong here.

If an article is merely speculating, it's too early to discuss this. However, with China being hostile to cryptos and to freedom in general, I think now is the time for mining farms to seriously consider relocation. Moving mining away from China could make mining greener (because China's big on coal) and even make China a little greener (although they'll probably just increase their carbon footprint in some other way). Also, it could help stabilize the mining operations without the risk of being banned like the one that miners in Inner Mongolia are facing now. And that would also decrease the power China's having over Bitcoin mining. So I believe it would overall be good if miners relocate.

I don't think altcoins are slowing the grows of BTC price. They just go along with it sometimes, getting some attention from investors, but I'm not sure that if there were fewer altcoins, people would invest in Bitcoin more. Perhaps there would be less attention to the crypto industry in general. I agree that the vast majority of altcoins are useless, but it doesn't mean that they're dragging Bitcoin down. Perhaps only in rare cases like when people send their BTC to burn addresses to get some altcoins, but it's not widespread enough to cause big damage.
As for exchanges, they care about profits, so if people are willing to trade altcoins, they'll be listed.

Bitcoin is not as integrated into global economy as other finance-related things. After all, the global economy is still in big trouble because of the pandemic, but Bitcoin has been growing for most of the pandemic. So I don't think cryptos can trigger the next global financial crisis. They might go down with other things or rise at their expense, but probably cannot be the cause. Speaking of the cause, aren't global crises natural and supposed to happen once in a while in the current economy? It can be postponed or come a little early, it can be more severe or milder, but it's not completely avoidable.

Bitcoin  will continue existing no matter which restrictions are imposed, but the community and the price can change very seriously if a big (in terms of global economy) country made using it a criminal offense, for instance. However, many influential countries are democratic, so something like this wouldn't go through or would be protested against later. China is a big exception and can clearly do a lot of damage, but even they don't seem to be working towards a complete ban, and even such a big country as China cannot cause irreparable damage to the Bitcoin market, I think.

Troubles with mining business might now affect the price significantly. Mining doesn't generate enough new coins to make miners significant hodlers affecting the market, and mining generally doesn't have much to do with the price dynamics, I believe.
If some miners are forced to leave, the difficulty rate will readjust soon. And as for big companies, I'm sure they have detailed plans for situations like the current one in Inner Mongolia, and they'll move or shut down temporarily. The threat of China restricting mining operations or even fully banning them has been in the air for years, so I'm sure that miners are well-prepared.

I think it's natural that they allow people to withdraw their BTC, no? I mean, people can withdraw it from any other place where they're keeping their cryptos, so why would PayPal be different? I'm actually more surprised that PayPal currently doesn't allow it and is only planning to add this option because it sounds to me like the coins are trapped there. I also agree with others that the specifics like the fees and required documents are important here too.
And in any case, so far all this applies only to the US, right?

Op, you're saying that markets should have limits, but this is precisely something Bitcoin is fighting against. Limits mean that someone has the power of regulating the price or simply closing trading platforms at some points, but this means that this power can also be abused, and there is no financial freedom. Remember how Robinhood restricted trading  GameStop because the big trading guys were losing too much money? It was unfair, and that's a real case of what can happen when the market is regulated.

I think that as the market grows and more people use Bitcoin, it will eventually become less  volatile. Elon Musk's opinion is important to some people, but if there were significantly more users, there would be a  lower chance of his audience making a big impact because the community would be more diverse and people would admire different celebrities. So when one such guy says something bad about Bitcoin, his admirers will still sell their coins, but it will be insignificant for the market overall.
On a side note, buying and selling based solely on his tweets is a bad idea even nowadays when he has some power because many other factors contribute to price changes.

The community is not worshiping Satoshi nowhere near the way people worship their gods. There are no sacrifices, holidays, rituals or prayers, there's nothing supernatural about Satoshi and Bitcoin. People believe in many things, but it's not enough to make a religion. Some believe that Democrats are better for the US than the Republicans (and vice versa), most believe that having police is better than completely dismantling it as an institution, many believe that stopping to eat meat is going to save the environment. All of these qualify as beliefs, but none are parts of any religion. I think the same goes for Bitcoin.

It absolutely is an opportunity for everyone who remotely believes that Bitcoin can recover again. BTC is 40% down right now, and looking at its history, it's reasonable to believe that the price will at least get to the previous ATH at some point (although it might take a few years). So even if a person couldn't care less about the technology and ideology behind BTC, it's still a good financial opportunity. As for crypto enthusiasts, it's a nice chance to buy some BTC at a relatively low price and wait for its glory.

I think it's just a brief positive movement that will be followed by another drop, and then this wave-like downward trend will continue until BTC finds a relative point of stability. The bullish market stayed for a while this time, but a huge correction was bound to happen because something cannot suddenly become much more valuable to people and stay that way without a stimulus like the one Tesla initially provided. I do believe that Bitcoin will recover at some point, but I don't think it'll happen anytime soon. China + Musk + a natural correction were a big hit.

It's hard for me to choose one event, but I'm pretty sure the biggest problem will be high fees and slow transactions. As more people start using Bitcoin, what we currently see only from time to time (usually during the bulling market) with $40 fees can become the new normal unless some solution becomes truly popular (I don't think the Lightning Network can succeed in this because it failed to gather enough users over the years). It might be an off-chain solution, but I think it will be something else because many are against off-chain solutions. Perhaps strict legislation against crypto fraud and zero-confirmation transactions for sums below $50 in physical shops will become popular because it's the simplest solution. Maybe something smarter that we didn't think of yet. The biggest risk of a hard fork will be if someone figures out how to make BTC way more scalable but it requires serious changes.

I wanted to ask the same thing because I really don't understand why people would burn their BTC. If they don't need the money, there are places to send it to where it will be appreciated. If it's about the supply, Bitcoin is already scarce enough to get rid of coins like that.

As for Proof of Burn, it sounds like a weird concept, and I'm not sure how I feel about this as an alternative to proof of work, but who in their right mind would burn BTC to get a reward in some altcoin? I really don't understand these people.

I was waiting for the official confirmation from Superbru before writing here, and I've received it today via email (although on the leaderboard page it still says the last update was on May 23). I'm very happy with my 5th place in this competition, and I'm definitely returning for the next season. Congrats to all the winners and best of luck to everyone for the next season.

Good luck to everyone! I hope you've made better choices than I did because it's only been 25 minutes and Manchester City already scored two goals with Everton scoring zero. While predictable, it's not looking good for me
As for other matches, I hope Leeds United, Leicester City, Newcastle and Manchester United keep leading. So far so good with these matches for me. What are you watching or are you, like me, trying to follow everything at once like crazy right now? 

China is probably still the leading territory for mining farms. However, it doesn't mean that Chinese authorities have any control over mining. Moreover, it's not as easy to perform a 51% attack as it may seem because it'll require massive resources. And while technically possible, it'll probably last only briefly and all those resources will just be wasted.
As for Bitcoin decentralization, I think it is NOT about mining but about ownership of the coins by people and entities all over the world, and also about there being no single authority that could simply shut the network down or change the rules.

Harmony is #99 by market capitalization, and it's not good enough to truly succeed. It saw impressive growth of the price over one year, but coins like this are very unpredictable and risky because there are tons of them and only some rise. The coin is bleeding now, and there's no way to know if it ever recovers.
If you're talking not about the price but about the prospects of adoption, I believe there are many altcoin projects out there that sound interesting, but they never become the top ones because most people in the crypto community never learn about it or don't care enough to switch to it from TRX or ETH. I wouldn't risk investing in it, even though it's not a completely useless altcoin.

Buying the dip is like the strategy for ideal conditions because it's really hard to truly predict it. However, I think it's also not necessary. If someone bought BTC at $8k in 2018, this person would be down by 50% of the end of 2018, but with enough patience could easily sell at around $56k in about 3 years from when this person bought BTC, making 7x profit. 7x is not as great as 14x, of course, but it's still very impressive and also much easier to do because the price was at around $8k for a really long time. So IMO, it's wise to wait for some time and to buy when the price is low and stable, and then tough it out when the price is even lower, patiently waiting for the new bullish market which so far always comes.

I've considered him a trickster when it comes to cryptos for years because he mentioned somewhat bullish and somewhat bearish stuff regularly. I thought he changed and finally chose the pro-Bitcoin side at the end of 2020, but I was clearly wrong, and he's still as much of a trickster as always. However, a couple of things are worth mentioning here. First, it could've been worse because a trickster is better than a totally anti-crypto influencer. Second, Musk's influence over the market seems exaggerated to me. He surely triggered the pump of Doge and contributed to the current bear market, but there were other important factors too.