Totally agree. This figure is ridiculous. I actually laughed out loud when I read it. Like anything the price is based on supply and demand. The supply is fairly predictable. The demand is a complete guess at the moment. A maximum market capitalization of $15Bn? Why? The 100 fold increase risks getting ahead of its fundamentals. What fundamentals? The nature of Bitcoin since its inception has been expotential growth. I'm not saying that will continue forever - it can't - but there's nothing to suggest that this rate of growth will stop when that value of a bitcoin reaches $1300.
Anyone can predict a change of a few percent in the short term and be correct to within 10%. But where does that get you? Which one of these financial analysis publications told their readers something useful, like in 2007 there's a financial crash coming or 2009 invest heavily in bitcoin? None.
The ecosystem and brand awareness of Bitcoin is novel though. It will take a full transition from people becoming marginally aware of Bitcoin to comfortably trading in cryptos before a "replacement" even one with a better design - and IMO there hasn't been one yet - threatens or supplants BTC.
Anyone can predict a change of a few percent in the short term and be correct to within 10%. But where does that get you? Which one of these financial analysis publications told their readers something useful, like in 2007 there's a financial crash coming or 2009 invest heavily in bitcoin? None.
Sorry, that was a bit ranty.