so you think bitcoin has reached its maximum potential value?
Since the market price is now largely determined by the combined expectations of all traders, with no clear "base value", is hard to predict which way it will go. My feeling is that it will not rise much above its all-time high of ~1200 USD.But of course it is just a feeling, although I believe it is justified by what I understand of economy and politics.
but the market is always determined by the combined expectations of all traders. so after the april all time high of ~$260, you could have said the same thing. literally every time the price has risen, people have felt like they've missed out, but then the price increases again.
there is great asymmetry of information with bitcoin; it is not an established market that has been around for years and years. most of the world do not even know what it is, and the majority of those who have heard of it do not understand the potential it has.