Some guru's think the price will go up. See the following:
https://www.cnbc.com/2018/01/18/fundstrats-tom-lee-is-even-more-bullish-after-crash.htmlThe first major Wall Street strategist to cover bitcoin predicts the digital currency will more than double in 2018 to $25,000 in the wake of its crash this year that saw it lose 50 percent of its value from a December record.
Fundstrat's Tom Lee is out with his latest report on bitcoin, which moves up a $25,000 price target by four years, from 2022 to the end of this year. Lee's model for valuing bitcoin now predicts it will reach $125,000 by 2022.
"We expect bitcoin's major low to be $9,000, and we would be aggressive buyers around that level," Lee said in a Thursday report. "We view this $9,000 as the biggest buying opportunity in 2018."
The quick correction was expected and what can we expect after that? That fundstrat surely know what logic lies behind this incident. And betting $25,000 is a safe bet unlike others that are telling it $40,000 - $100,000 at the end of this year. Giving an idea that on 2022 it's going to be a 6 digit value for bitcoin well that's fascinating as many analysts and experts are telling that on 2020+ bitcoin will show some good moves.