That's a good point re the "soaring price" of Bitcoin. It's certain that cryptos will do well in the future (short-term as well as long-term), but that could result in bitcoin becoming too expensive for many to buy.
So, instead of buying a fraction of a bitcoin, they'll buy a few hundred BCC, or a few thousand Steem.
If and when that happens, we'll see another alt-boom.
Very good additional analysis here. Hopefully, these predictions will come true and another altseason will emerge. Cheers! And thanks for stopping by.