My guess is that hedge fund money is accumulating and positioning for a drive to $10k/BTC once the ETFs are live.
You will see the log charts all over the media guaranteeing $10k per coin based on previous bubbles.
Retail investors will throw a few bucks into the ETFs and it will become a self-fulfilling prophecy.
Next leg up to $100k will be retail + institutional + sovereign wealth trying to jump on the train, say 2-3 years.
By then BTS will be mature, investors will have gotten a taste of crypto-riches and the moon rocket will launch.
5 years BTC could be $100k and BTS could be $100.
My chart is telling me your numbers are at crack smoking levels
Ha! Will be fun to look back on this in a few years.
But consider...
Total global wealth is about $220 trillion USD.
Assuming 2.5 billion BTS outstanding
$100/BTS would require about 0.1% of global wealth migrating into Bitshares.This is entirely possible and plausible.
Now also consider that a $250 billion market cap absolutely does not require $250 billion of capital to migrate directly.
The actual amount of capital migrated will be much less due to supply-side shortage caused by the early adopters on this forum (hodl!).
Nowhere near $5 billion in capital has migrated into BTC; I would be astonished if total fiat migration was >$100 million at this point.
$400/BTS or $1T cap for BTS would only require 0.45% of global wealth to migrate...
I know these huge numbers seem batshit crazy from where this community stands now, but I don't think the future value of BTS can be underestimated.