In order for bitcoin to hit levels of $250,000+...... it will need to be accepted and marketed everywhere. So far, Microsoft accepts bitcoin. This could be the ice breaker and the door opener for other companies such as Apple, Sony, Google, etc down the road, eventually leading to retailers such as Walmart and franchise such as Mcdonalds.
In order for bitcoin to take off to levels that seem ridiculous right now, we will need to see the average Joe not only be holding bitcoin..... but also be spending it. (In this case, $250,000 could possibly be severely underestimated)
Yes mass adoption is needed to bitcoins hitting next level and mass adoption is just one factors, the important factors on bitcoins is the bitcoin's network its self, we still must pay fees sending transaction and it is big problem to be currency especially for small amount of transaction (couples cent in bitcoins) and the time of confirmation is the problem too for bitcoins to be currency and hitting next level.