Stock Analyst Predicts Bitcoin Price to Reach $50,000 in 10 Years: Bloomberg
Seasoned stock picker Ronnie Moas, who has made more than 900 stock recommendations in the past 13 years, said that Bitcoin price will increase by twofold up to $5,000 in 2018, and will hit a staggering $25,000-50,000 in the next ten years.
As discussed in his one-man show at Standpoint Research, Moas, however, claimed that his forecast is for informational purposes only, Bloomberg reports.
Equity investors taking notice
Moas’ prediction is one of the testaments of the growing popularity of digital currencies in investment world.
In fact, equity investors who have had no previous involvements in cryptocurrencies are now beginning to evaluate and bet on such cryptocurrencies such as Bitcoin, Litecoin, and Ethereum, as well as other Blockchain assets.
Bullish about Bitcoin
The price of Bitcoin has already increased by over twofold and hit a peak of USD 3,000 during January - July 2017. The reasons behind it include its growing adoption in the commercial market and the support by an increasing number of financial institutions.
Part of Moas’ report on Bitcoin read:
“There are only 21,000,000 bitcoins in circulation and the world will fight over those 21 million coins as confidence in currency and other investments deteriorates. I have little doubt that 1% of the money in cash, bonds, stocks and gold will end up in cryptocurrencies.”
Bitcoin is the new gold. Taken 5000 years to get here...
If you'd like to try to invest in alternative coins, you may read my last post to know which ones are going to be the best choice in July. https://steemit.com/bitcoin/@vikky/top-10-altcoins-going-into-july
I've seen so many higher predictions on the price around 2020. At least its going up!! 5,000 20,000 100,000. Just as long as that arrow stays green I'll be happy.
well good thing i got bitcoins when it was 100$ a coin!