I saw someone claim the bitcoin market looks "fairly comfortable" after the start of futures trading in so called regulated markets. It really depends on how much longer the global debt bubble is able to maintain any form of stability, because bitcoin is just a derivative of that due to not being the unit of account of anything. There's more money out there in the form of digital 1's and 0's + debt that represents money than there are actual assets.
The above ground amount of silver that exists is only around $32 billion for instance, and the bitcoin market cap is $277 billion. Bitcoin is the same thing as fiat in this context, as it has no use of it's own, so it's always just phantom wealth that attempts to chase real goods. The value of this phantom wealth cannot become greater than the actual real world goods that exist in other words.
If the global debt bubble collapses, it would be a cascading deflationary collapse like the world has never seen before. The banks would ALL be closed and out of business without massive government intervention, and there's really only two options from that point:
Option #1:
A complete economic reset where all fiats become worthless or close to it (since they were based on debt that has collapsed) and gold and silver become the only real money again. Since bitcoin is priced entirely as a dollar or fiat derivative, the price of bitcoin also completely resets into a far less favorable ratio compared to metals. Bitcoin has vastly outperformed metals lately, but when the debt bubble collapses, those roles will be completely reversed.
Option #2:
The government attempts to print forever to avoid a debt bubble collapse and that obviously leads to hyperinflation or something close to it. At first glance, you might think this would cause bitcoin and metals to both just continuously rise to the moon, but no. Metals are constantly naked shorted to cost of production by the global bank monopoly. If bitcoin was pumped to some stupidly high number as this process goes on (hell, it already is at a stupidly high number), it's eventually going to cause that excess liquidity to leak out of bitcoin and into assets that aren't in a bubble.
Since metals are practically the only object that's not in a bubble due to downward banker manipulation, pumping bitcoin will still trigger a forced revaluation of metals and thus a global currency reset in the process just like what happens in option #1.
As you can see, no matter how everything plays out, all roads lead to the same place; it's only a matter of time.
(img source: theregister.co.uk)