Research analyst Ronnie Moas says the price of the Bitcoin will eventually reach $ 400,000

Independent market research analyst Ronnie Moas said he believed the price of the Bitcoin had the potential to reach a long-term goal of $ 400,000. Moas, the founder of Standpoint Research, has recommended Betquin since July when it was trading at $ 2,600. At that time, he set his target price for the Betinquin for 2018 at $ 5,000. Where it seemed like a rising target at the time, but the Betcquin has overtaken it several times, making Mawas reassert his upward expectations several times.

During the weekend, the price of the Bitcoin briefly hit a global average of $ 20,000, which Mawas was unlikely to reach before 2020. Currently, according to the CNN price index, the price of the Bitcoin is trading at $ 18,612. However, despite the phenomenal climb pace in 2017, Mawas believes that the rise in the market will continue in the six-digit range, even if it encounters temporary declines along the way. He told CNBC:

"The Bitcoin will eventually reach $ 300,000 or $ 400,000 in my opinion and will be the most valuable currency in the world."

Adding to justify these optimistic expectations, saying:

"I do not know how much gold there is in the land, but I know how much of the Betquin is there, and within two years there will be 300 million people in the world competing to try to get a few million Petcowns."

Citroen futures contracts pro-celebrity
As reported by CNN, a large part of the recent rise in the value of Bitcoin could be attributed to the introduction of futures contracts in the US stock exchanges "CBOE" and "CME". However, some analysts predicted that investment institutions could lead to a price crunch of Betcairn by selling futures. However, this did not happen - at least during its first phase. In any case, Mawas said he was "not too worried" about the emerging futures markets, arguing that they were "celebrity endorsements" for the biotech but would have little impact on the long-term price.
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