Bitcoin has many times inflated and deflated like a bubble , and I think that the growth in the future will still be , just few people will wait for it , I think when everyone will panic then it's worth buying !
Bitcoin has ironically "died" several times. This is a running gag that people who are idiots will go around saying that it is dead every time its price drops but it even then comes back with bigger price. This is a part of the cycle and there is no absolute end to that cycle, at least for now.There is way too much infrastructure for bitcoin to fail. It is becomingna national currency in venezuela and when other economies fail they too will switch to bitcoin as their saviour
What happened in one country should be the example of other countries but then we also have to consider the financial condition of Venezuela prior to this - it was collapsing and people had to cope with a huge inflation rate. Such conditions do not happen everyday in other countries and may happen in future. Overall if you are taking this news as a bullish hopium dose, do so with a bit of salt. 