Bitcoin is here to stay. It’s ridiculous climb is another story, but since it’s being added for futures trading a lot of institutionalised money poured in. There will be a price correction coming days.
Yesterday virtually all the altcoins took huge hits as Bitcoin soared and today we see the altcoins climb back up and bitcoin dropping a bit. Ethereum is now higher than where it was before the meltdown yesterday. New fiat money in bitcoin will start trickling to other coins as people will look to diversify their portfolios.
Ethereum, Dash, Monero and I would say now IOTA as well are all here to stay and won’t go anywhere.
The bubble burst stories have been pending for 10 years now and every time Bitcoin drops it comes back 10x times as hard.