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.
Those figures drop is seems impossible to happen its because we are not living in old era where many people think negative about Bitcoin. We are now in modern age which Bitcoin is now acceptable to lots of people globally. So even if there's deep negative news about Bitcoin for sure we would never go into that dip.
Maybe realistic figures to reach is at $30k but after it reached to that figure Bitcoin would provably recover the same as what happen before. But even though there's possibilities like this Bitcoin would still survive whatever challenge occur on it since we already see Bitcoin facing lots of big issue but we overcome with it then see Bitcoin price still pumping or reaching to its new ATH.