[justinireland]

Its fairly simple to estimate future value of BTC. The supply is fixed - there will never be more than 21,000,000 BTC in circulation so the only other factor is how big you think Bitcoin will become relative to other currencies.

For example, there is about 1.22 Trillion USD in circulation. Right now BTC has a market capitalization of $4B which puts it at about 0.3% of USD. If BTC were to become even 5% of USD that would be a 16x increase over where it is now ($330 x 16 = $5500). So if you believe that BTC could be at least 5% of what USD is then you should expect BTC to be worth about $5500 ea.

I personally think that is a conservative estimate. I expect at least $10k in the next 5 years.