There's a difference between Being a FUDster and recognizing a downtrend. This year's gonna be bearish or flat. I doubt we'll see prices over $18K this year. I doubt we see prices below $5k this year, or ever again to be honest.
Would you recognise the latter statement as wildly bullish because over the whole spectrum of mainstream views thats where it would be placed. If your average person recognised bitcoin would never fall below 5000 again, it would then boost the price alot nearer to 20,000 if not more. That kind of solid backing, a hard value set to the price would be a gigantic step forward and so much it would probably result in a price much higher then the actual 5000.
I was looking at DGX which I think is linked to a gram of gold as its backing. People believe that backing is there but then the actual price is like 10x the market price for a gram of gold. So they speculate far beyond the backing to it. I think that'd happen to bitcoin and actually does happen. We dont have a solid base line price but obviously bitcoin has a basic utility and ongoing value minus any speculation. A really bearish estimate I heard for basic value from people who say bitcoin is worthless but then go on to say Bitcoin will always be worth $200 from its use by 'the illegal's who presumably cant use dollar (actually they can but whatever) So the market price is a multiple of that base worth, you saying $5000 is massive and very bullish imo
Bitcoin is very reliant on its population increasing. It needs more users so thats my take on base worth, the speculators are estimating a future price to some extent. Same dynamic occurs with stocks