Ronnie Moas Predicts Bitcoin Will Hit $20,000 Within Three Years

in bitcoin •  7 years ago 

Ronnie Moas of Standpoint Research projected that Bitcoin will reach a value of $15,000-$20,000 by late 2020.

According to Moas, the total market capitalization of all virtual currencies will soar from today’s $150 billion to $2 trillion in the next 10 years. He also compared the exceptional performance of the digital currency market to the “dot-com boom” of the 1990s.

HE SAID “I am not any more concerned with Bitcoin being at a record high than Amazon or Google investors were concerned when those share prices jumped hundreds of percent and hit $100 and $200 many years ago. Today, both of those stocks are above $900. The question is not where we are at — it is where are we going? I do not think we are in a bubble.”

Peter Schiff, an investor who predicted the 2008 mortgage crisis, see bitcoin and other cryptocurrencies as existing in a bubble and as a Ponzi scheme built on “just plain greed.” Still, there is no way to know which way this market will go as no one has yet invented a way to see into the future.

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Source: https://cointelegraph.com/news/ronnie-moas-predicts-bitcoin-will-hit-20000-within-three-years

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  ·  7 years ago Reveal Comment

Well this is very interesting, Thank you for sharing this and please keep up the good work, more blessings to you.

THANKS FOR YOUR SUPPORT!

cool boss.