Ronnie Moas, founder of Standpoint Research and well-known stock picker who has made +900 stock recommandations, has predticted this wednesday in a note to investment clients, that Bitcoin will be worth $5,000 next year, and in a long-term it will reach $25,000 to $50,000 in 10 years.
“$5,000 could happen in a few months. It’s only starting to gain traction right now,” said Moas in an interview with CNBC. He added that the 21 million Bitcoin limit in circulation and increasing demand for this cryptocurrency will naturally make its price go up. “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.”