Bubbles are generated when there is an overdemand of a product, therefore, the BTC is going to be very volatile and will constantly have microbubbles as long as it continues to have such a low value. Since many people with low and medium capital can speculate with their value to get a couple of slices.

The imminent danger to the BTC is the States and a negative reaction from them.

But far from that I believe that the BTC has indeed a value and a utility that justifies its demand, especially in the countries of the third world and / or with authoritarian government (case China), so that in the long run it will end up rising in value .

Of course this is all my opinion, and of course, I may be wrong, but that's my way of looking at things.