Not a long time ago when Bitcoin reached $10,000, it was a huge celebration.Yesterday when Bitcoin was at $10,000, it was like the end of the world, I've read all kind of stuff - "bubble, scam, fraud, THE END, Melt Down...........
Van-Petersen and Mike Novogratz said : “Bitcoin could be at $40,000 at the end of 2018. It easily could,”
Lol, look at the coinmarketcap front page right now. Do you think that it resembles anything like "bubble, scam, fraud, the end, or melt down"? It may have, in inexperienced traders eyes. But in experienced bitcoiners' eyes, it's simply fluctuation in the short term. It means nothing of importance and eventually, it will recover. Even the 2013 "bubble" turned out to be a heck of time to buy.
I'm not saying that $40k this year isn't possible, i just think that price will most likely settle at a lower level. $40000 may be eclipsed, but i foresee the price settling at $20k or so, after a pump takes us to a new ATH.
But long term, $40k is just another random number. It will happen.