It's unfortunate that people have started loosing hope on bitcoin price. Whether will soar higher or lower. I don't doubt anybody judgment on bitcoin. Thought is as a result of absumption but it could be true anyway because bitcoin is unpredictable. But in my own understanding I think bitcoin has all the necessary criteria or has the capability to continue soaring higher. Market capitalization of about $1.2trilion market dominance of about %50 or above. and the more people buy and hold, the more they create scacity of bitcoin. making it to become more expensive. With this little explanation I think bitcoin has the potential to grow as predicted.
Not In any way referring to you @jjg but @onyeze
The truth is nobody can say for sure what will happen in the future but from all observations, we can guess based on the information we have now Bitcoin's future is very promising and reliable. It's undeniable that the underlying technology is really innovative and has the potential to change the way we do business and interact with each other and the decentralization of Bitcoin is a powerful feature that sets it apart from traditional currencies and other digital currencies. However, the growing acceptance of Bitcoin by businesses and some countries is a sign that it's here to stay. Interestingly, Bitcoin is already being used for things like remittances, international payments, and online shopping too.