Fair points since no one truly know fair value of bitcoin and most people only say it depends on supply/demand. But i think he don't know about the huge potential behind bitcoin, what bitcoin really can do or how technology advancement will make decentralized cryptocurrency success.
Can you explain your statement about Bitcoin's potential? Huge potential on what? Saying that kind of statement about Bitcoin having a huge upside might be misleading as we still will go back to its only basis which is demand and buyer's confidence, it is really up to the traders on what price they want to settle again before doing another profit taking. By the way being frequently traded in the market does not show potential as they are just clearly taking profit from the volatility of Bitcoin.