I am waiting for it to drop.
Bitcoin price will probably hover around $150 - $300 for at least a year or so until next halving in summer 2016. There are just more and more btc that add to circulation of the bitcoin economy everyday from Miners.
I would think bitcoin will coexist along with Fiat system. Let face it....most of our bitcoin get traded in miniscule compare to Fiat and big corporation such as IBM and Financial Banks only interested in blockchain technology and how to implemented into Fiat system. they are not interested in bitcoin itself.
I personally prefer bitcoin price to drop around $50 - $100 to shut down all those big farm miners that has become too centralize and hurting bitcoin prices.