Now lets hear the bull case.
Bitcoin is still Bitcoin. Nothing that makes it a valuable experiment has changed. Perhaps speculators got bit but thats all part of the (speculation) game. If speculation would be Bitcoins purpose, the smash down would be bad. But Bitcoins game is totally something else (yes, it really is).
To me, the smash down may lengthen the path but does not hurt the experiment. Especially if the COV19 crisis leads to another round of again more crazy monetary experiments.
So nothing has changed, and the entry price just got lowered.