So if bitcoin drops back to $1k-$2k levels, do you honestly see it ever going back to $20k and beyond? I mean this bubble is definitely different then 2013. Everyone knows what bitcoin is now, 2013 was no where near the mania that we saw in 2017. A lot more people got burnt this time around, people were mortgaging their houses for crying out loud.

A lot of people are saying $100k bitcoin, but who the hell is going to spend $100k per Bitcoin? The average Joe does not have that type of money. The market is full of speculators, not adopters.

Bitcoin has had one heck of a rise going from fractions of a cent to $20k in less then a decade. People have this thought that it will always go higher, but how many people who have that kind of money to push bitcoin beyond $20k are going to do it?

I have a hard time seeing a more hyped market then what we saw in 2017. This isn't the end for cryptos, but we may never see such a high priced bitcoin ever again. Hopefully I'm wrong, time will tell.

And another thing people don't realize is that a big part of the reason bitcoin and other crypto prices got so high was simply because of manipulation.

And bitcoin was at 20 billion in volume in December, now it's just above 6 billion. Do people honestly believe that we are going back to $20k with such low volume?  Thats a lot of money being traded. To get to $50k and $100k, imagine the type of volume needed? A lot, there's not enough interest anymore to sustain these types of prices.