It depends on your perspective. A lot of people bought in 3 or 6 months ago and aren’t happy. Of course people who did that weren’t used to speculating and so are unhappy now that they lost substantial sums.

It’s significant news, but not really changing any of the fundamentals that I see.

Bitcoin will become a useful currency when it is stable for long periods of time. It doesn’t matter if that consistency is at 6k or 20k or 10.