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Don't see that price becoming a reality for some time tbh, but the reasoning is sound in terms of their being a price drop and more market choice as others decide to upgrade.Don't rush. When the x-t3 comes out all of a sudden the x-t2 price will take a big nose dive well into the sub £500 category for minters.
I think even with the X-T3 release, X-T2 prices will remain higher than that at around £600-700 for minters as you called them.
Just my opinion though.