Its all about adoption - that seems may need a quantum leap - catalyzed by external events probably = another financial crisis.
Otherwise it will shoot up anyway - way past $1000 = or it goes to $0 - its a binary system
It would never go anywhere near 0. No matter what happens which makes speculators leave, even if it gets illegal, it will always fill a niche. Libertarians will still use it, and most people who want to buy things anonymously in the darknet.
And it's also working well at the current price of 600$. I think it's false to say that it's a binary system.