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)
It would really be an Icebreaker when Microsoft would tend to accept bitcoin knowing that its really a big company and would really caught the attention of big companies too and they will surely decide to jump into bitcoin craze. If this thing would happen then high prices would really be expected but the main thing or concern here is what would be the thing that they would need to see on bitcoin for them to be convinced?