I think not. It made sense as a unit of exchange. Stripe dropping it this week is telling: "Bitcoin has evolved to become better-suited to being an asset than being a means of exchange."<p>What type of "asset" is Bitcoin? Does its value just reflect the cost of the electricity that went into creating the coins? If so, then we'd have a very different price dynamic. I'm calling it an irrational bubble.
I don't think it will.<p>* Bitcoin Cash and others have grabbed its market share through impersonation
* Other coins have faster transactions with lower fees
* Other algorithms have opaque blockchain for better anonymity.<p>Bitcoin was first through the door. They got shot.
I think so, there is a lot of negative sentiment driving the price down at the moment I believe. But after tax season and some governments around the world making decisions on exchanges and taxes I think we will see good growth upward again.
Recover, as in ever be above 11,000 again? Quite plausible, though I am far from certain.<p>Recover, as in go above 11,000 <i>and stay there</i>? It might... but I doubt it.