Ronnie Moas, who has made more than 900 stock recommendations over the past 13 years through her program at Standpoint Research, has ventured into the arena of cryptones. It has said it will reach $ 5,000, double its current value, next year.
In a note to his clients Wednesday, he points out that the cryptomoneda will quote between $ 25,000 and $ 50,000 over the next decade. He also revealed that he bought "a little" of litecoin, bitcoin and ethereum in an account at Coinbase.com.
The stock analysts who previously did not talk about cryptones are beginning to analyze and bet on the sector is a testament to the exuberance around Bitcoin, ethereum and other blockchains assets. These analysts join bitcoin enthusiasts who expect long-term gains, even if they say there could be a correction after the recent rise.
"There are only 21,000,000 bitcoins in circulation and the world will fight for those 21 million coins, while confidence in currency and other investments deteriorates," Moas wrote, referring to the algorithm that limits the amount of bitcoin that can be created . "I have no doubt that 1% of cash, bonds, stocks and gold will end up in criptomonedas."
Bitcoin fell to $ 2,544.40 this Wednesday from its high on June 12 due to concerns that digital currencies could not achieve greater acceptance quickly enough and their gains have been exaggerated.
Moas says he "is only a little worried that there may be a short-term bubble," but in the long run, there is the potential for triple-digit returns.
Moas recommends securing Cryptomoneda holdings through services such as that offered by Trezor.io and reminds customers that their publication is only informative and should not be considered an investment advice or recommendation.
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