DISCLAIMER: I suck at this.
I think the current Bitcoin price is being propped up by the mining cartel while the reality of the market is causing the downward pressure. This is why it is teetering on 'life support' at it's current levels with miners bleeding atm.
There is also a LOT of vested money in Bitcoin projects.. and new blockchain projects still continue to come out built to work with Bitcoin primarily because it is still the only one that has any merchant adoption that is worth mentioning that makes sense to investors.
However, not all investors are unaware. Some things about bitcoin have not taken off for good reason.. and there is nothing Bitcoin can do to overcome it. I don't need to get into that here.. most of you know.
On the other hand, Bitshares is coming to be loved by strategic investment. Most simply just don't even know who we are yet.. but once they do... it's like we are everything they wish Bitcoin would be and more. So they are seeing the writing on the wall now... and money is quietly exiting the Bitcoin space.. and with BitShares 2.0 in operation you can expect to see this happen even faster.
I think Bitcoin will remain at its current levels at least for some time +/- $50. The delusional are spreading rumours of it going to over $1000 next year with the split yada yada.. but I don't see that happening. Bitcoin has flatlined for an entire year.. and this is because the reality of bitcoin and its problems have made everyone realize that it just has no way in its current operation to overcome its issues.
That said.. I been thinking on the price of BitShares in the future and I don't know if the market cap will have any relation to the price of BTS itself going up. I am having a hard time believing it will go beyond $1 (maybe it will only if there is a major shift come Oct 15 when IMF turn the CNY into a reserve currency). The costs involved in DPOS vs. Bitcoin are considerably different. We have a complete governance of distribution of funds for network maintenance as well. Factoring in the cost of the network and the utility of the transaction charges, I just cannot fathom a high valued BTS like BTC.
I been thinking a fair amount lately on how a reserve currency comes into being. I am wondering how this can happen in crypto where BTS becomes the standard reserve instead of BTC.
OK.. well.. I voted 'Never' for the record.. for all these reason and more.
If you asked about Market Cap though.. not price.. I would predict BTS overtaking BTC in market cap by the end of 2016 by a wide wide WIIIIIDE margin.
My 2 BTS... again I remind everyone of my disclaimer.