This is a wide market and we are having different speculations from different self-made experts daily and I believe that Peter has just expressed his own thoughts concerning the market. Like others has said, "he is a skeptic" and as such he might be seeing bitcoin current state from that angle but those that have been in this market for long do know those that really predict bitcoin price through some technical and fundamental principles and setting! Someone speculates that bitcoin is going to gain over $300 today and that has happened and that is the type of speculations I do accept and not all those that predict based on emotions or selfishness.