The price has never been anything to the usage or the technology of it however this is a sad truth about BTC and this has become standard measurement around to measure if BTC is dead or not. Every single time BTC suffered a huge drop, people said it is dead and the last one probably happened at January when the price dropped below $200.
Some people are not into long term strategy and hodl BTC even when the price has drop by 30 % as because most are actually trader that enjoy the waves of BTC to get some profit so there is a reason for them to mark that it is dead through the measurement of the price because at a lower price, people will not be getting alot of profit despite that there will be a lot of waves for ride.


There is no denying to the fact that the price could be a dirt cheap in the future however this is highly unlikely going to happen but if that is truly happened than there will be a lot of people that jump off the ship and abandon it. BTC will then goes back to its early stages where there are only few peoples that actually hodl it .