Scenario 1: Demand continues to go up; bitcoin's price will continue to rise.
Scenario 2: Demand drops, bitcoin's price goes stable for a month or more, causing weak hands to sell; bitcoin dips.
Scenario 3: Negative news about government regulation arises; bitcoin crashes.
Scenario 4: Another FUD spree similar to the Jamie Dimon case; bitcoin dips or crashes.
tldr; NO ONE KNOWS
Scenario 2: Demand drops, bitcoin's price goes stable for a month or more, causing weak hands to sell; bitcoin dips.
Scenario 3: Negative news about government regulation arises; bitcoin crashes.
Scenario 4: Another FUD spree similar to the Jamie Dimon case; bitcoin dips or crashes.
tldr; NO ONE KNOWS
Yeah. No one really knows.
Don't forget the slowing of transactions with higher fees that stressing lot of holders and investors nowadays.
And still the lightning network is not into place meaning more of suffering and no assurance of what could probably happen.
I don't know how high fees will go up. Even converting BTC to fiat is too expensive.
I think it's harder to attract people with this kind of system.
Indeed. That is why too many btc forks are happening and too many ICO with big backers are coming to replace bitcoin. But even that obvious flaws bitcoin still managed to stay at the top. I really dont know what explains that phenomenon.