With Gox, Willy and Markus gone, there's nothing left to fuel another delusional and unsustainable bubble. We're just witnessing the correction back to single digits, where Bitcoin belongs, since that's the natural value of a currency whose only real utility lies in its use as a medium of exchange on the deep web -- by a few thousand child pornographers and drug addicts. Amateur speculators can't drive the price back to the moon again when whales, early adopters, miners, developers and other bag holders are dumping en masse. Tough luck for the cultists and bulltards.

A year from now, Bitcoin will be sub 50.