Ronnie Moas takes Bitcoin Price Prediction up a notch
Confidence grows among Bitcoin Bulls as Ronnie Moas increases his price prediction on Bitcoin
The Bitcoin price prediction of Ronnie Moas went upwards in his latest analysis. Ronnie Moas, founder of Standpoint Research gives this comment as 2017 is coming to an end. The news brings excitement to Bitcoin Bulls, one of the biggest communities for bitcoin investors looking for profit on bitcoin holdings.
Bitcoin price prediction of Ronnie Moas for 2017
In July 2017, Ronnie Moas made a Bitcoin price prediction that it would reach the worth of $5,000 within several months. At the time of prediction, the Bitcoin price was not even $3,000. Things took a turn when the bitcoin price went over $5,000 in September 2017.
As a result, Ronnie Moas revised his Bitcoin price prediction to $7,500 by year end. A sudden increase in the Bitcoin value almost reached the year-end target already in early November; marking a value of $7,400. The outburst comes as Ronnie Moas increases his target to noticeable $11,000 by next year.
Bitcoin taking over the Market
Ronnie Moas is fully confident about the market value of Bitcoins in the long run. He predicts mammoth targets for Bitcoin value. His predictions are $20,000 in 3 years and $50,000 in a decade for a Bitcoin. Analysts believe with all the hype and market trend it is creating, the duration can be even shorter.
‘Apple’ is growing as a market leader with high capitalizations in the trade market. However, Ronnie Moas states that Bitcoin will pass Apple on the market values within 5 years.
More investment opportunities for value increase
As people start to do transactions more and more using cryptocurrencies, the market value of Bitcoin will increase. According to Ronnie, this will allow more investors to invest in Bitcoin.
Ronnie believes at least 5% of the world population should be investing in Bitcoin. Currently, the numbers are just 0.5% of people investing in Bitcoin.
There is a fixed number of Bitcoins available in the market. The more demand Bitcoins get from investors, the supply would be the same. This means as the supply is constant, more demand will lead to a sudden rush in value of Bitcoins.