Is there any plausible scenario where the number of bitcoin users and transactions continues to grow exponentially but somehow the price of bitcoin stabilizes to a specific range and doesn't fluctuate much? As in we get 100 times more users and transactions but the price remains around what it is today?
I think this kind of scenario is possible, those at the trading platform are not circulating around the market, having 100 times users simply means more people are receiving and sending transaction , this does not necessarily means someone is buying Bitcoin at a higher price at the market. Another case on this is the demand of users. If they believe the price atm is the buying price and they all put their buy order at the current price range then we cannot see an increase in price. Adoption does not necessary means increase in price. It depends on how people are willing to pay for Bitcoin a piece. Bitcoin can increase in price even with declining community. It is about the willingness of the buyer to get Bitcoin even at a cost of increasing his bid on buy orders.