i dont see option #1 happening anytime soon. so for me, #2 is the most likely path for bitcoin. lots of people are actually doing this nowadays so as more and more people learn and adopt to the crypto world, they will follow what most people are also doing, and that is using bitcoin as a store of value and just HODLing it for the meantime as the price keep on increasing while the bitcoin team is constantly updating and improving to make the coin effecient and fast enough to be used as a means of transaction.