Im a harder bull than many in this thread. I have a 5 year price forecast of US$150 - 500k. The reason is because I believe that Bitcoin has been mischaracterised as an asset when it is really a financial instrument. In the period 2000 - 2007 the global value of CDOs rose from $69 billion to $1.7 trillion. Bitcoin could easily do the same except it is starting from a higher base and has the potential for much greater capital inflows and higher market cap because it is also traded by retail investors. So I put the market cap at $2 trillion to $5 trillion after 5 years. This is without any disruption of the existing market system - ie the value of the US dollar remains much the same. I have assumed for these purposes that the number of generated, non-lost, non-dust Bitcoins is somewhere less than 12 million.
I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan. Looking for black swans is a bit of a hobby.
In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey.
Are you aware of the feedback loop that exists between bitcoin price and how much it spends on electricity?