It also matters how far out that is. Even if the mean expected timeline just moves from 15 to 20 years for widespread adoption, that has large implications for the current value.
It's also always in comparison to everything else. If bitcoin's expected to 100x over the next 50 years and gold (or whatever) is expected to 2x this year, capital will move towards gold despite widespread agreement with us about bitcoin's future. A lot of stuff has been changing quickly on the global landscape, which presumably is leading people towards other shorter term investments.
It also matters how far out that is. Even if the mean expected timeline just moves from 15 to 20 years for widespread adoption, that has large implications for the current value.
It's also always in comparison to everything else. If bitcoin's expected to 100x over the next 50 years and gold (or whatever) is expected to 2x this year, capital will move towards gold despite widespread agreement with us about bitcoin's future. A lot of stuff has been changing quickly on the global landscape, which presumably is leading people towards other shorter term investments.