The price depends how useable the coin is, to hit 1K+ it must be standard payment of more merchants especially the big ones
Hello,
Bitcoin could be valued at $1000 or even $10,000 in the future but that depends on the number of people that are using it. If bitcoin gains more users, then more people would want to buy them to use as a means of exchange and it would gain value. Although Libertybit has currently suspended its operations, we are currently developing a method to enable merchants to accept bitcoin payments. This will help to increase bitcoin distribution.