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)
I understand that there seems to be an impatient with many people as to the progress of Bitcoin in hitting the mainstream. Personally, I don't see the reasons why we have to rush things. Remember that compared to other currencies and assets, Bitcoin is still so new as it has not yet even approach a decade. Let's allow time to do its work and let's wait for some more years because it is impossible to be forcing anybody or any organization to also adopt Bitcoin. And you can not blame people if they are holding on to their Bitcoin because just like here in my country it is not really that very easy to buy one so we make sure that we hold on to them as much as possible. Bitcoin has become a speculator's toy meaning to say that we are all expecting that it will really rise to the moon soon...and that is why we are not spending our Bitcoin.