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IMO you are focusing too much on bitcoin as a currency, i.e. BTC rather than bitcoin. They are inseparable but very different. The heavy investment interest in bitcoin companies has much more to do with what can be done with bitcoin, rather than the price of BTC. See my reply to kleinbl00 here. The deep interest in bitcoin has to do with the applications it enables. The interest in the BTC currency is important, but its speculative value is the consequence of bitcoin's potential usefulness. I am bullish about the long term price of BTC because I am bullish about the long term utility of bitcoin as a protocol for new applications. I expect the protocol to become widely adopted.