I'm not expert - but I was very suprised that it recovered from its drop to 11.  I thought for sure it would drop down into the low single digits.  Frankly, the value of bitcoin at this point is transactional, and there arent a great deal of businesses to transact with.  However, in the long term, as prices begin to stablize and/if bitcoin proves itself reliable it could become a real store of value.  I've been following for about a month now and I am very eager to watch the future.