My target price for Bitcoin is 15K-20K during the next few weeks. The party is clearly over, and investors should consider liquidating anything related to Bitcoin or short it.
Recent collapse proves that Bitcoin isn't a safe haven, store of value, or a hedge against inflation/market correction, but a speculative token that can go down 50% in a week
That's a bit debatable because if you hodl your bitcoin for long-term pretty sure that you will be able to hedge your wealth against inflation but if you are on a short-term then it becomes speculative so in a way, it's a bit of both.