The depths of BTC's low is not a measurement of its likelihood to fail

The folks I was chatting with yesterday shared the same opinion that BTC had the chance to succeed, but after the drastic fall in price, it will now most likely fail. Their determination was based on how low BTC's price would fall. They believed that if it fell below $10k, then any chance of its success would be finished.

I think this is a fairly common perspective with people uninformed about BTC's volatility. The nature of BTC allows its price to fluctuate wildly, but the network to continue moving forward uninterrupted.

In 10 years, the level of adoption and its price equivalent in fiat could be anything. There is nothing about BTC's bear market bottom that can predict what we'll see by year 2033.