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RE: Bitcoin will hit $40k within the next 5 years, even if it never catches on as a form of payment
It will take a crash in traditional financial markets before more money flows into crypto IMO. Metals have been patiently waiting for their time to come back like they did in 2008-2011. Stock markets have been strong so far the past month but I think they are long overdue for a real correction that would send the DOW back to 16K-18K.
I don't think we even need that. As funds and endowments and many other large institutions all start taking allocations of anywhere between 1%-6% in bitcoin in order to model the 'perfect risk adjusted portfolio', we will see prices go up rather significantly.