While Bitcoin there are a few scaling options, it appears that a number of Bitcoin investors have been switching to Altcoins, and may not switch back to Bitcoins any time soon .
What will happen if investors continuously switch to altcoins? Will bitcoin crash ?
If bitcoin doesn't manage to scale both onchain and offchain in ~1-2 months it will lose first place, assuming ethereum's rally stops. That would be a tragedy because, even though bitcoin has the worst tech out there, being released first, also has a governance problem and can't adapt, tech is just bad. The moment it loses first place, the faith in brand will be dead and people will sell. Bitcoin needs alot of time to auto adjust it's difficulty to a lower hashrate ( many will turn miners off because it wont be that profitable ) and that may cause a snowball effect.
I only have few btc now but i sincerely hope it doesn't die. It would be a black mark for the whole space.