I've seen many posts and threads about price speculations and hitting 5k per coin.
Now, to try and stay a little bit on-topic:
What are these speculations based on? Althought, I'd say hell yes to BTC being worth $5000,- per coin but I can't really see this happen.
And no, the reason why I can't see this happen is not about the drama caused by Gox.
Is anyone here able to clarify this?
IT is fairly easy to advance beyond $5000 per BTC.. based on market cap and based on BTC taking over some of the functionality of gold or any currency... for example gold has more than a 6.5 trillion dollar market cap and the dollar more than 15 trillion market cap... anyhow there are a lot of currencies that BTC could serve b/c there are 190 countries.. even the international transmittal system has a lot of potential for BTC to take on some of that value.. or the stock market.. etc etc..
ONCE BTC takes on some of this value, its market cap will increase from currently 7 billion to.... whatever amount... IN order to reach $5000 per BTC, the BTC market cap only need to rise to about 90Billion... which is NOT a very high target if it takes on some of these values.