The astonishing confession of a financial analyst about Bitcoin

No, bitcoin is not doomed and there are three good reasons to support the growth of its course.

This story is not invented, it is perfectly truthful. Ronnie Moas has been working on Wall Street for years as a financial analyst and his reputation is second to none. He is often interviewed on major television channels such as Bloomberg or CNBC, on which he is regularly invited as a specialist in technology stocks: Apple, Tesla, Amazon.

This man is not a bitcoin professional, he is even a priori very suspicious. After the incredible financial scam of Bernie Sanders in 2008, Ronnie Moas expects everything and remains extremely vigilant. But he still decides to go see more closely. And not just out of curiosity. As an analyst, he sees it as his responsibility to try to understand emerging trends and how they might one day influence markets and the entire economy.

In addition, he felt frustrated: "I've seen Bitcoin from the bench for years, like a traveler who arrives too late and watches the train leave the station," he admits.

He then goes into research and spends several months digging the subject. At the end of July 2017, he published a report of 122 pages quite surprising. The American news channel CNBC has even made a video.

$ 50,000 in 2027

I quickly summarize the subject:

The Bitcoin market is worth billions of dollars. This is absolutely tiny next to the gigantic mass represented by all currencies and assets in circulation, more than 83,600 billion dollars.

But he is convinced that cryptocurrencies will support their performance and steal market shares from other assets such as stocks, bonds, fiat currencies and precious metals. Fast, inexpensive and almost anonymous transactions: these are Bitcoin's advantages over legal currencies since its creation. Of course, with the increase in the number of users, limits quickly appeared.

But in a few years, says Ronnie Moas, Bitcoin graphics will look like Amazon, Apple, Tesla, Netflix, Google and Facebook today.

Ronnie Moas sees the price of bitcoin rise to $ 50,000 in 10 years:

"I think we're still in the first phase of a four-time match and although I missed some big winnings between 2014 and 2016, it's not too late to enter. "

Three good reasons for a very powerful growth potential

As with the Internet or any network, Bitcoin is only useful if other people are connected to the network, so that the network has to overcome the classic problem of "hen and egg" to reach a mass critical.

However, unlike the Internet, the Bitcoin protocol is monetized, so that users become the owners of network resources. This allows us to observe, over a prolonged period, the network effect taking place in real time.

And I want to give you three reasons why Bitcoin keeps a huge potential:

1- For the first time in 2017, the price of Bitcoin has exceeded that of the ounce of gold. Of course the capitalization of bitcoin is still very small compared to that of gold. Indeed, the total value of the gold reserves is 200 times the total value of the bitcoins in circulation. But the growth of bitcoin is exponential as people around the world start to use it. While the capitalization of gold is down. This is a very important index.

2- The United States abandoned the gold standard in 1971. Now, the dollar is the reference currency. Problem: Governments can easily decrease the value of a currency by printing more and more bills or creating more and more credit. In contrast, the money supply of Bitcoin is mathematically limited to 21 million units. One of the basic rules of the economy is that when there is a limited stock of a good and demand increases, so does the price. Bitcoin is like digital gold. An excellent store of value these days.

3- Finally, the protection of privacy is undeniably a human right. But it's a threatened right. At the very moment when the States are organizing a general surveillance and oblige the banks to reveal all the operations of their customers, Bitcoin allows to find a little of this freedom to which everyone aspires legitimately.

In short, we are just beginning to understand the upheavals that this innovation can engender.