more and more countries are considering bitcoin as a financial instrument. I doubt it will ever drop to 1000$, I think regulation is a double edged sword and as more and more regulation comes into effect people are less likely to want to invest. At the same time, ETF's and Futures, banks trialing selling crypto directly to the end user without the need for exchanges allows savvy typical investors in the stocks and shares to jump on board without having to jump thru exchange KYC regulation. I think crypto is a great investment if your looking to mix up your portfolio say 10%-15% crypto for mid to long hold.