And that is the main reason of why bitcoin would not drop until we hear a massive FUD coming from some goverments or just a bank, bitcoin will be bullish because the demand is HUGE.
The more we hear about bitcoin rising price, the more people want their piece of the cake "ok I want to invest it that too
You are wrong with this, once that all people introduce theirselves into this sytem, they will like to stay in here, they have not discovered the real potential of bitcoin yet, they are still on the phase 1 of the adoption.
It looks like a Ponzi scheme because, when every potential bitcoin users of the population will have exhausted all of their "potential of speculation", there will be nothing left to sustain the price of the bitcoin.
It will never be happening, do you really think that the worldwide bank is going to say that bitcoin is a "normal currency", no.
but instead start to give bitcoin credits as a proper currency and not as a stock product