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?
More users should make the price stabilise.
But whether it stabilises the price within the range that we are in today, which is around $1000 to $1200, then I don't know. I think it is much more likely for bitcoin to have a rally as long as the user base increases.
Once there is more users then there will definitely be a lot less speculation.
Or rather the force of regular users will outweigh the speculators in the open market simply because there is so many users. Just like fiat currencies, you see a lot of forex traders but in general fiat currencies against other fiats don't crash or rise that much in a short period of time like cryptocurrencies right now are.
It would be really interesting to fast forward time and see what happens ;P