The fact that it went up something like 700 million % from when you could buy 500 Bitcoin for $1 to Dec 17 when price was $20k US for 1: is ancient history.
From Dec 17 till current, it's down about 50%. My perspective is that the euphoria / hype reached obscene levels in Dec 17 and as these articles talking about correlation with gold are arguing the price is stabilizing. Which as I stated earlier..and many people who are a lot smarter than me have stated ..is a necessity for it to have any future as a currency and a store of wealth.
what happens over the next few months, years is ofc anyone's guess. I'm in the corner of the days of it shooting to the moon are either well in the past.. or in the distant future..so I'm not totally discounting the possibility that in say 20yrs it could be worth a truckload ..an even bigger truckload than it is now.. as I've mentioned previously too.
I personally think the next few yrs is more about the stability..trustworthiness of it. only my opinion ofc.
