Research Analyst Predicts $400,000 BTC Bitcoin Price
…”in two years there will be 300 million people in the world trying to get their hands on a few million bitcoin.”
Ronnie Moas is an independent market research analyst and the founder of Standpoint Research. Back in July he set his 2018 BTC price target at $5,000 and his target was highly undervalued. Moas believed that the BTC price would hit $20,000 by 2020, and that prediction was also undervalued.
Moas now has his eyes on a much larger prize, a six-figure price of around $400,000 for BTC. He stated to CNBC’s The Rundown, “(Bitcoin) will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world…I don’t know how much gold there is in the ground, but I know how much bitcoin there is, and in two years there will be 300 million people in the world trying to get their hands on a few million bitcoin.”
BTC recently stepped into the mainstream in their debuts with CBOE’s and CME’s futures contracts. Other major financial institutions, investors and banks are all considering BTC now as a legitimate investment. This recent activity has led to the BTC price averaging around $20,000 across global exchanges. It is exciting to witness such events unfolding in our lifetime.
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