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Crypto analyst and economist Alex Krüger just released a poll on four potential outcomes for Bitcoin.
The results are a snapshot of the crypto community on Twitter and highlights how people think things may play out for Bitcoin – after years of volatile price swings, regulatory uncertainty, bans, critics, supporters, new platforms, on-ramps and developers.
Although three of the possible outcomes are bullish, Krüger’s fourth and final outcome centers on the risky nature of trading in the emerging and extremely volatile market.
[adinserter block="1"]“Four long-term bitcoin scenarios:
#1 Bitcoin becomes a global reserve currency. Current hodlers, all proven to be early, get immensely rich.
#2 Scarcity keeps price going up forever. Bitcoin continues to outperform. Investors do extraordinarily well.
#3 After a few more epic runs $BTC eventually matures and settles into a wide range, like most commodities do (in real-terms). Bitcoin maxis turn into goldbugs 2.0.
#4 Bitcoin dumps into oblivion. People keep on buying the dip. Bitcoiners get REKT.
Optimism rules. Out of more than 4,500 votes, 47% chose the third scenario as the top pick: a happy ending where Bitcoiners become next-generation goldbugs as the world’s most popular cryptocurrency settles into a range.
[adinserter block="1"]Of those who selected the third scenario, 45% also bullishly predict that Bitcoin’s settling range will be above $100,000, compared to 15% who think Bitcoin’s settling range will ultimately dip below $15,000.
Pessimism quickly follows. Bitcoin dumping into oblivion nabbed second place with 20% of respondents, followed by Bitcoin’s scarcity pushing its price up forever.
