bitcoin true price is a reflection of its utility. Start ensuring it gets saved, spent and earned,  then expect it to rise in value. The bubbles sit on top of this value driven by the speculators hoping to make a good return by cashing back out. They are not adding utility to the underlying currency. As more and more fools rush in hoping to make a quick buck, the early speculators cash out and make the gain they hoped for. It has nothing to do with the underlying currency.

Imagine if everyone in Venezuela started using bitcoin and were paid in bitcoin and saved in bitcoin.... As the price rises relative to the USD do you think they will cash out into USD? Relative to them, items and goods will start to look cheaper for things imported with a USD value.