I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments. SegWit seem like just a hack to me. I know we are all Bitcoin optimists here at the forum but is anyone thinking that Bicoin is gonna go down to $1000 level in the next 5 years?
1k after 5 years, I think not, even though bitcoin falls but will not arrive at the 1k price. Bitcoin in the future will be more popular and it will make the bitcoin value rise higher, and I think the 5-year bitcoin price is 70k.
If the price of bitcoin will fall down to 1KUSD, that means no more big investors left to support btc in order to be more competitive in the market. But I think it will not happen, 5 years from now is long enough to see and prove that btc is still the dominant crypto currency around the globe. My predicted price for bitcoin after 5 years would be 30K to 50KUSD and i think this increase can be possibly achieved soon.