How Tezos' Tezzies (XTZ) price could hit $37

I'm bullish on XTZ -- even after Tezos set a record for the biggest ICO in history. Here's what we know:

The Tezos Foundation raised roughly $232 million between July 1 and July 14, 2017. When the genesis block finally goes live (at a date TBD), 763,306,929.69 XTZ will be born. If things stay 1:1, each Tezzie would be worth about$0.30.

We're probably not going to see a 1:1 price, though. In fact, XTZ futures are already trading at a big premium on HitBTC. As of this writing, you could buy an XTZ IOU for .00034900BTC ($1.19 USD). That would imply a market cap of$908 million+ for XTZ.

What if that's just the beginning? Let's set a medium-term price target of 50% of Etherum's market cap for XTZ. That would mean all the XTZ in the world would be worth a combined $14 billion, and each XTZ would trade around$18.50. If XTZ eventually overtook Etherum, each Tezzie could be worth $37.

How much would that yield your average ICO investor? Let's take a look:

Per this post from Tezos, the 50th percentile for contributors are expecting 2,332 XTZ (after investing roughly $1,200). At our medium-term price target of$18.50, they'd be holding $43,142! Double that to$86,284 if XTZ were to somehow overtake Ethereum at today's prices.

Pie in the sky?

Only time will tell.

NOTE: This post is entirely speculative. For all I know, the genesis block might never happen. I was just curious about what could happen if XTZ somehow managed to overtake ethereum.