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?
It seems like more users would make the price go up and generally it has risen a lot over the past 12 months. As far as transactions go, it's hard to say if that increases the value. It would seem logical that more transactions means there are more people using Bitcoin and/or each person is making more transactions which would increase demand also.