Bitcoin Going $28,000 in 2018 According to Moas.

arnel (68)in #bitcoin • 7 years ago (edited)

Watch the video above on my YouTube channel.

Moas who has given a more accurate price predictions of Bitcoin in 2017 is again putting his hopes high in the potential of Bitcoin prices going up this year.

The 50 year old stock market investor has put his expertise in observing the market of Bitcoin. He even draw a parallel analysis on what happened to Amazon stocks even when a lot people are shorting it when it showed its initial potential but eventually grow from $20 to $1,150.

These are his quotes according to an exclusive interview by CoinTelegraph with him.

“Bitcoin would have to jump 20x from where it is now to hit that number one spot. That would put its valuation at around $6 tln, which is near where Gold and China are right now.”

“Why do I think Bitcoin deserves the same valuation as gold? It’s very simple, I don’t know how much Gold there is in the ground, But I know how much Bitcoin there is, and I also know that if the current pace continues with one to two mln people around the world opening up new crypto accounts. We will have a few hundred million people by this time two years from now trying to get their hands on a few million Bitcoin that are available.”

Another driving factor in Moas’ 2018 prediction is the actual supply of Bitcoin. A recent study estimated that nearly four mln Bitcoin are lost forever - accounting for over 20 percent of the coins mined to this day. That isn’t counting bullish investors that ‘hodl’ their Bitcoin:

“The number (of Bitcoin available) is a lot lower than what people think it is. A lot of the Bitcoin has been lost, some of it hasn’t been mined and then you have a lot of people like myself that just won’t sell their Bitcoin at any price.”

So where it goes from here? One thing is sure Bitcoin will just be going up and up and up for a number of decades until there would be another game changing technology or concept would appear.

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