Path 4: with its unparalleled hash power, but limited tx/s capacity, BTC becomes the reserve currency of the digital world, the gold standard so to speak.
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Path 4: with its unparalleled hash power, but limited tx/s capacity, BTC becomes the reserve currency of the digital world, the gold standard so to speak.
To some degree that has already occurred. I would say some combination of #1 & #2 is the most likely scenario.
The academics and economists are fighting over the definition of bitcoin, but the fact is that bitcoin is all-in-one asset class, that can be used in different ways depending on the individual's needs and context.
Bitcoin is everything; a currency, a store of value; a means of exchange for the digital age; a global, censorship-resistant monetary asset.