Maybe at $10k. Or maybe $5k. Or maybe $3k. But it definitely WILL go back up. Right now it is tied up in the Trump vs. Deep State conflicts.
Really? Why do you think so that it is tied up in whatever conflicts. Overtime it has been certain that the price of bitcoin is unstable based on some factors surrounding it and in time during alot of conflicts it has always gone above expectations so nothing can alter it's price not even conflicts or wars. But if all of this should affect the price I think in no time it'll definitely go up because looking at the markets trends there's much positivity that it'll be up.
Perhaps he was just being sarcastic with that kind of price prediction because we all know that Bitcoin is not going to fall on that price unless there are really extreme news around the world that will make a lot of investors panic and then push the sell button.
We've seen the pandemic, closing all borders and then we have the war in Europe with Russia vs Ukraine and the conflict in the Middle East. And yet the price of Bitcoin didn't go down as hard. So most likely we might not see downward spiral in the future.