Ronnie Moas sees Bitcoin take 500%

Having succeeded in predicting the recent peaks in Bitcoin prices, Standpoint Research's founder, Ronnie Moas, sees prominent crypto-currency surges next year.

In August, the former billionaire hedge fund manager tentatively predicted that Bitcoin would hit the $ 20,000 mark in three years, but its timelines were far from over. Two months later, at the start of the frantic Bitcoin race and talking about the launch of futures, Moas changed this forecast for the end of 2018.

Speaking to CNBC ahead of the launch of the Bitcoin Futures on the Chicago Mercantile Exchange, Moas believes Bitcoin will get an extra 500% up next year.

"Bitcoin is already up 500% since I recommended it in early July, and I'm looking for another 500% move. Which brings Bitcoin between $ 300,000 and $ 500,000. "

It is not difficult to understand why Moas takes a much bolder approach to Bitcoin - since it has exceeded all predictions and death sentences.

Moas says that the cryptocurrency ceiling of 21 million chips is a major factor in its rapid rise. Once again, he made a comparison with gold, but insists that cryptocurrency will be much more precious when millions of people take action.

"I do not know how much gold there is in the ground, but I know how much Bitcoin there is, and in two years there will be 300 million people in the world who will try to get their hands on a few million Bitcoin. "

The volatility of Bitcoin has been a hot topic in recent months, with enthusiasts and industry experts adopting the "hodl" approach. The bullish approach created a market shortage that drove up value.

People are constantly asking if it is "too late to buy Bitcoin," but Moas insists on constantly buying drops.

"I see Bitcoin as I see Amazon for 15 years, buy, keep and buy again at declines, that's exactly how I think people should play with Bitcoin. "

Axel Weber, head of the Swiss bank UBS, denounced an article published Sunday in the newspaper Bitcoin and called for strict regulation.

"We, as a bank, have warned against this product because we do not see it as valid and sustainable. "

It is part of a plethora of traditional leaders of banking and financial institutions that avoid cryptocurrencies.