Can someone give a 5-10 year optimistic and pessimistic prediction, and the reasoning behind each? I want to hear what someone deep into crypto has to say (not a newb like myself).
BTC will be 500k-1mil within 5-10 years. Institutions will adopt the heck out of it in the coming year. It will still be volatile, and we might see a big drop one more time before it continues its stepwise fashion of increasing gains and ownership in the japanification clown world.
I don't see a major downside at this point except for those who don't have the balls to weather the volatility storm and news cycle. The system is too entrenched and not at all ganging up on BTC to ever outright "ban" it. It will be regulated and taxed, but when CBDCs start coming out, it'll be the new "cash" transaction of the digital world - people only will notice or have enough energy to "track" you if given a reason, or enough wealth is moved, and they are looking at you simultaneously.