Word on the street: India.
And they hate being out done by China.
$1300 next week
Source please. Hell, you can't even legally import gold into India. I don't think Indian regulators will take too kindly to Bitcoin, but I could be wrong. I don't know why India didn't jump in earlier .. compared to China, they have a much higher English literacy rate so you'd think they'd already be all over the existing exchanges.
They will not take kindly to Bitcoin at all. India's balance of trade has been suffering due to their gold imports, and since I'm guessing most Bitcoins are outside Indian borders, a Bitcoin craze will just worsen that problem.
However, Indian regulators are breathtakingly slow to act, and often ineffectual when they do. It is conceivable that India will "come online" before their government even grasps the concept.
The important difference between India and China is that China has experienced much, much greater recent growth in its middle class. It's only rich and middle class folks who have the disposable income to buy bitcoins with, and so there are many more potential buyers in China than India.
It's not reasonable to expect a second "China effect" out of India. Our attention now should be focused on Wall Street.