2) a boring / stable scenario with higher adoption by common people.
Volatility will decrease further driven by more and stronger hands involved, possibly also by BTC adoption "as a currency". You won't get rich if you invest in Bitcoin, but you can store your wealth safely investing in it. So the adoption by "retailers" would be higher, as people with normal salaries can use Bitcoin for their savings without having to fear a deep crash.
I would prefer this similar to how gold is perceived now but better
And the road towards this stage is going to be accompanied by huge pump which is inevitable
So yeah I still benefit till it gets boring
Boring doesn't really stop individuals from trading leverage
So they can use leverage to cover the lost volatility kind of a win win.
Okay I Know some would say Gold isn't stable but stability at the end is relative
And even supposed USDT ain't really stable.
So Yes, I would be version 2. Imagine a decentralized currency
Growing in value is inevitable no matter how slow as long as we cross the hurdle of mass adoption.