Tim Draper - "Bitcoin Heading To $10K By 2017."
Draper is one of the biggest investors in Sillicon Valley and I think he's being conservative so he doesn't end up looking like a Vlad, err, a crackpot.
I think we'll see $10,000 by next year and I personally think that's gonna be just the start, we should see much higher levels since $10,000 should spark a massive Bitcoin worshipping, money loving, greed buying frenzy. Push and Pull - Greed and Fear to the max.
Today's Bitcoin price: $358, after a "big" run up from $220.
I think you all are dreaming. Bitcoin can't even break $500 and $1000. S$10k is impossible for bitcoin. It would take a lots of money to be in bitcoin for it to go so high.
The real question for me is the time-frame we are looking at, I see enough movement into Bitcoin to justify a base price of $67.45 just based on the infrastructure and seed capital in Bitcoin right now.
Not even calculating revenues and growth metrics from that.
That would have been in the trading range I started using Bitcoin in 2013 so if Draper is putting an estimate out of 10K by 2017, I presume he made the calculation based on 5 to 6 Billion Dollars in infrastructure investment for a base around $300-360 dollars with the return from the 1 Billion in 2015 launching new industries and increasing trading volumes and usage by at least a few folds around 50x which is fairly aggressive growth but it is tech.
At the very least it will break $500 by 2017 if Seed Funding remains steady in the future, on the low end a price just based on infrastructure would near $200 dollars based on 1 Billion in new seed capital each year to 2017.
http://money.cnn.com/2015/11/02/technology/bitcoin-1-billion-invested/
Total Supply at time of Post
14,826,650
1,000,000,000/14,826,650 = $ 67.446
(For Fun Present Metric P/I I made that up Price to Infrastructure is roughly 5 lol)
Peak was well the metrics for 2013 In Infrastructure divided by then supply and coinage 12 mill round Dec 2013
95.05 mill /12 mill = $7.92
Price actual peak $1147.25/7.92 = 144.85 lol
http://www.coindesk.com/bitcoin-venture-capital/
https://blockchain.info/charts/total-bitcoins?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
So at theoretical Peak Bubble based on present infrastructure
67.446 * 144.85 = 9769.55 --> 10 K lol
I'll go With PE 5 and say $1500 whistle