Bitcoin would only drop to $1 if:
- (1)another coin emerged as clearly superior and everyone switched over
- (2)a fatal flaw was discovered making bitcoin easy to doublespend, steal, or counterfeit
- (3)the world's largest nations unilaterally declared bitcoin illegal and punishable by serious jailtime
In any of those scenarios, buying more bitcoin at $1 would be very foolish.
none of these are going to happen.
1) this can never bring bitcoin price down. it might affect it temporarily but not over a long time. there is no reason for that.
2) this will kill it not bring it to $1. flaw = useless which also should be an unsolvable flaw!!
3) meh, not gonna happen either because they can only control businesses not accept bitcoin not the people.