If you are right for the altcoin exodus, then yeah we will see massive bull run for bitcoin, for the reasons presented by you. The question is whether or not btc will surpass it's previous high. This is what I doubt, the herd has seen one top, if it is already in the market, making profits, they will cash out of Bitcoin as soon as it reaches the previous top. At this time in the market of BTC/USD we do not have rational people believing in bitcoin's future , but speculants who are in the amrket only for the quick buck.