Bitcoin could nearly double and reach $5,000 soon, says Standpoint Research
Stock research analyst Ronnie Moas said he bought bitcoin this weekend and thinks it could reach $5,000 within a year.
"$5,000 could happen in a few months. It's only starting to gain traction right now," Moas, founder of Standpoint Research, told CNBC in a phone interview Wednesday. "It's starting to spread like wildfire right now."
He pointed out that since only 21 million bitcoin can ever exist, increasing demand for the digital currency will naturally drive its price up.
The future is well ahead of him and can soon reach the mainstream with the media that is now paying attention to it and many countries have recognized Bitcoin as a form of money or assets.
Maybe later the government will accept bitcoin with the reason of having a good future.
I would not say in few months (2-3 months) but by the end of December it will reach $5000 for sure.