So are bitcoin prices destined for a collapse every time they approach ... Exuberance driven surges aren't the only reason prices can rise unnaturally.
I think everyone knows that old things get value for years. no matter if the computer or the .bitcoin table will achieve it, be patient for the next few years will reveal the real bitcoin value
bitcoin requires two things government support, currently mostly avoid it or ban it, or put some rules to own or want to get it, another thing is we need new investors and more people believe, the market will be more interested and new money. Otherwise, we will be around 200-300 dollars, but as soon as the mine ends, history will change as bitcoin will become something unic.