Bitcoin will certainly reach more than $1000!! It's built on the correct principles! It will be fun to see the world's 'plantation dollars' as they are called become more and more worthless. Although as an economist I can tell you that I've been scared ever since I learned about bitcoin. It's not possible for it to be stopped anymore as the ideea already exists and it works. Even if bitcoin were to be destroyed (by governments, wars, etc), the ideea still exists and can't be stopped. The problem is with economic laws, specifically the 80-20 law. What happens when someone amasses a great amount of wealth? Usually people go and steal it, but what if you couldn't steal it? All these things will just make it rise in value and those who hold more of it become even wealthier. Not that the same isn't happening right now, but if someone's holding $10 million and the government prints a couple of $billion more, those $10million theoretically have just lost a portion of their value. No one can create more bitcoins than are programmed... So what do we do when the majority of bitcoins will be in the hands of a wealthy few? Will we start using other forms of crypto-currency? Go back to paper? Gold? Will we as a species give up the concept of money altogether after another series of horrible wars. The future is ahead of us, and anything could happen. We should be prepared for anything, good or bad!