So, everyone is speculating on what is going on. Where the price comes from.
And with all the stuff mentioned here, I have never seen this info coming together. You want to buy a rumor? Buy into this:
Venezuelas inflation rate
http://www.tradingeconomics.com/venezuela/inflation-cpiVenezuelas interest in bitcoin
https://www.google.com/trends/explore#q=bitcoin&geo=VEThis, while retaining a search volume index of 27.
China on the other hand has a search volume index of 8, while moving on a similar interest level like the one during the 2013 rise.
Now think again on what is happening. It's just too sad that the lightning network isn't here already. If it had been, venezuelas economy would bleed off into bitcoin in no time. At least a part.
https://www.google.de/?gfe_rd=cr&ei=JYBlV9zaLoGq-wb896GwDA#q=venezuela+gross+domestic+product443 Billion gross domestic product. If only ten percent of that move into bitcoin, the price will quadruple at least.
So, if that thing is actually implemented and working this summer, Bitcoin will be able to do what it was meant to do. It will be a form of reserve currency and black market money. With the difference, that it is a lot more convenient than the usual suspects gold and cigarettes or whatever.
And if it will not be this moment, another will come and by then the transaction problems will be solved. Longterm bitcoin outlook: phenomal as always.
Venezuela just proofs the whole idea. Now that people know of it, the takeover can start as soon as an economy starts to collapse.