what do you mean there is no real demand, what about the huge silkroad and other blackmarkets market?
yes, there is demand there and as long as these markets exist there will be. But ths does not equal tipping point demand. This kind of demand wont happen with paypal etc although it will increase its acceptance & popularity int the West. I think that real demand will be created next time the SHTF. For now, whilst new highs get hit on stocks and RE keeps goin to the moon all is well on the surface of fiat land; its when this bubble deflates that there will be real demand and we'll see how everyone scrambles to a safe, ungoverned asset like bitcoin.