just to officially get my position on the record again, i believe that bitcoin will fluctuate in an inflation adjusted range of $20k-$40k. that’s a large enough market cap to keep enough miners mining, and enough to provide for all the illicit uses people can come up with.
i believe bitcoin is only suitable for transfer of value, not long-term store of value.
i first made this prediction about a year ago on twitter, under the now suspended payfrit username.