Bitcoin price of over 1000$ per piece was an obvious balloon, but in future, when acceptance will grow, price of 1000$ will be normal. Main question here is global/mass adoption, btc need promotion and media to grow rapidly. Like every investment it has phases, now it's so called correction phase, but i belive that price over 1000$ is on horizon very soon. Big players of price set is also possible war in Ukraine.
ah well.. it rached 1900 and crashed half that amount now to 800btc.. it was a mistake to buy in at 1250 i think it wont go anywhere and i will lose my investment
Why it's high? it's low actualy, there are only 42 coins out there to be mined. if you calculate a bit and compare ...if value would be the same as BTC's value, than one 42 coin is worth 571428 bitcoins.