Bitcoin will probably never get to 5000 imo. We're not even close to 1% at all, and if that were to happen, people would dump the price down to oblivion. There will always be a guy who dumps his bitcoin and kills the price. Of course I could be completely wrong and end up with a few thousand dollars in a few years. Only time can tell.
I partially agree with you.Yes it is true that when price start growing high,many people start selling their coins to make profit but it is also a fact that high price brings many new users to Bitcoin.I think the highest number of people adopted bitcoin was when btc was $1000.So price rise can sometimes further escalate the demand