My calculation says BITCOIN will go down till 1000$.
As per my knowledge with the stock market, everything comes to their actual valuations after years/ months of hype. Take the example of the best bank in India HDFC, the market cap is 5 lac crore INR. Which is the preferred stock by foreign investors as well. HDFC has been in the market for 25-30 years.
And bitcoin also has the almost same market cap. It can be out of the box technology which can change the payment system or may be not but can act as a commodity like gold. But that is only feasible not by the acceptance of people by the acceptance of government. These days countries are fighting for visa, trade war, immigration. so it looks the rarest possibility that it will be accepted by all (top 20) countries. My analysis says BITCOIN should not have more than a 1 Lac crore INR market cap and it should fall to 1000$, to look attractive.