Bitcoin to reach 7500$? Do you agree?
The founder of Standpoint Research has said that bitcoin can climb to $7,500.
Back in July, Ronnie Moas - Wall Street Analyst - said that the bitcoin price would reach $5,000. At that time Bitcoin was traded around 2500$. Now, though, looking at bitcoin’s dominance, Moas adjusted his expectations to $7,500 for 1 Bitcoin before year end.
He has also projected that the digital currency could reach $50,000 in 2027.However he believes that this is a very "conservative prediction". He also admits that digital currencies will form part of ‘strategic reserves’ and ‘asset collection models in the near future.
However, according to CryptoLook's opinion, it is difficult to predict the future of Bitcoin as there are no historical levels which one can refer to. One is sure, quoting Mr Moas,: "You can’t look at this as a normal situation. We’re in an industry that will probably go from $140 billion to $2 trillion and the bitcoin price will probably move with that".
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NOt so fast there buddy.
There are some who say 12k on 25th of December :) Who knows
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