We don't know how much a Bitcoin will be worth on the exchanges on a day-to-day basis, but there are a few things we do know:
- Every day, more and more websites, e-businesses, and brick-and-mortar businesses accept Bitcoin as a means of payment;
- New software, apps, and services for Bitcoin are launched every week;
- Hundreds, if not thousands of very intelligent and experienced programmers and entrepreneurs are dedicating their time to Bitcoin's development;
- Bitcoin makes possible previously impossible or costly financial transactions.
What do the above mean? Continuous growth of the Bitcoin economy.
What is continuous growth divided by 21 million? A continuously increasing price for a Bitcoin.
The fall from $32 to $4.80 is literally a bump in the road. Makes you wonder how high it can go, doesn't it?