Bears are saying Bitcoin is headed to $1000.00 and then the Bitcoin craze will die and we will all be moving on to the next thing. The Bulls say Bitcoin isnt even close to its fullest potential and could be $30,000.00 per coin by years end.
I stand on $30,000 side
With less than 1% of the population dabbling in Bitcoin, does the value seem too high, too low, or just right to you?
It is still low, we should optimistic the value of population will increasing soon or later.
Google is about $1000.00 per share with about 30% of the population using it. What if 30% of the population starts using Bitcoin? How likely is that, and what will that do to the value of Bitcoin?
Are you think it is a logical basis? Why should Bitcoin need to decrease until $1,000 only to gain 30% of population will using it.