I was wondering what you guys think is the most likely instances that would cause the price of bitcoin would sink back below say the $5,000 or the $10,000 mark?
Overall, I would say a global consensus by governments restricting Bitcoin poses the biggest threat.I tend to agree with that. EU, China and US banning Bitcoin could be enough to drive the price down to numbers we haven't seen in years. However, while something like this is possible in China, I don't think that EU and US could pull this off, as many people would oppose such a decision.
Quantum computers could destroy Bitcoin completely, but I think that the likelihood of humanity inventing such a powerful one is even smaller than top democracies outlawing Bitcoin.
Among real threats that can drive the price down are hacks of big exchanges (or, worse, exit scams), project laws banning Bitcoin, banks starting a serious war with cryptos. Bitcoin can recover from these, but it might take months to years to do so.