Ha, $259.4 on Bitstamp as I write!

Bitcoin adoption measured via number of transactions still grows rapidly.

Provided the current constraint on block sizes can be removed, then at some point this adoption has to be reflected in a much higher price.

If the restrictions remain, Satoshi's vision of bitcoin as a peer-to-peer electronic cash system without the need for other financial institutions will be compromised, leaving the outlook far less certain.