When valued against USD or GBP.
I know a lot of people believe it's gonna go to the moon.. or at least rise steadily into the 1000's of dollars and a lot of people believe it's a Ponzi scheme which will eventually leave Bitcoin worthless but what if Bitcoin does nothing, it just sticks around the £200 - £250 mark forever?
Its value will rise from a demand, since the amount is limited, the price will rise surely. It may never drop below 1k$ in the future, who knows.