I wouldn't hope for prices that low without some sort of exogenous event like the 2020 covid shock. That would be very destructive to Bitcoin's narrative as anything other than a speculative asset and I think it would take a very long time for trust to be rebuilt outside of anyone who is a hardcore Bitcoiner. Also, it would put immense pressure on miners, hashrate would likely drop significantly and we will end up with security budget FUD and infighting over the 21M cap.
I wouldn't hope for prices that low without some sort of exogenous event like the 2020 covid shock. That would be very destructive to Bitcoin's narrative as anything other than a speculative asset and I think it would take a very long time for trust to be rebuilt outside of anyone who is a hardcore Bitcoiner. Also, it would put immense pressure on miners, hashrate would likely drop significantly and we will end up with security budget FUD and infighting over the 21M cap.