Hello,
I think the true value of Bitcoin now, and into the future is not determined by what I would like it to be (As I am A miner :-) .
I think the true vale will be established simply by it's long run utility, and safety.
For strengths I think it is a limited resource and can thus hold real value longer term than other things where the supply can actually increase dramatically over time. I do not mean only money, but other things like Gold, Silver or anything I can produce or dig out of the ground. The supplies of Gold, Silver, Diamonds, etc can increase rapidly over time.
The downside of Bitcoin is basically you can't really use it for anything except speculation. Kind of like gambling. Is it worth $1 or one million dollars ?
The other problem is it's difficulty to use safely for the average non technical person, who can barely turn a computer on or off. I am sorry to say there are Billions of people on planet earth that fit that category.
It is just a dream to expect them to all learn computers, bitcoin wallets, paper wallets, mind wallets, etc.
They can't really grasp that. It is just to hard.
If you hand them a $20 Bill they can firure out that, and can count change. They are fine with that, but not getting an Android phone, setting up a wallet on their phone, buying or earning Bitcoin and somehow getting it on their phone, Finding some store to buy food, and figure out how to pay with their Android Bitcoin wallet. The first time they send their Bitcoin to a wrong address and it's lost. Their money is gone!
Until you can use Bitcoin as easily as a $20 Bill, it will have a very hard time in the real world.
Please do not get me wrong. A lot of people are going to make a lot of money with Bitcoin. Companies, Miners, App developers, Smart businesses that want their share of Bitcoin, Hedge Funds, Traders, etc, etc, etc.
Just not average people.
I think Bitcoin will end 2014 around $350 to $675. Maybe 2015 $500 to $800 With lot's of up and down along the way.