Alexandra is a software engineer who specializes in core banking systems development for financial and IT spheres. Taking strong interest in blockchain, cryptocurrencies, and IoT, Alexandra got deep understanding of the emerging techs believing in their potential to drive the future.
The analyst who predicted the exponential growth of bitcoin in July 2017 claims that bitcoin can increase its high twentyfold.
Bitcoin (BTC) recently hit a new all-time high of $20,000 and now the whole world is trying to guess the future of this cryptocurrency. Lots of experts and analysts see the situation as a great chance to have a moment to shine. The amount of predictions is constantly increasing, which causes the lack of trust in them. But some experts have already proved that they know what they are talking about.
Ronnie Moas is an independent research analyst and the founder of Standpoint Research. If you had to describe his analytic skills in one sentence it would be the following: “Moas predicted that bitcoin would reach $5,000 when it was $2,600”. He warned us that not acting while the cryptocurrency is growing would be more painful that losing money. Probably, this is the thought that has come to the head of each person who ignored the bitcoin rush.
The latest appearance of Moas on CNBC was spiced by his new prediction. He said: “The end-game on bitcoin is that it will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world.” That is a long shot. But we had already seen Moas making a big assumption, and he was totally right.
He seems to be sure that the lasting progress of bitcoin is to continue: “Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I’m looking for another 500 percent move from here.” Some analysts do not support his ideas reminding of the high risks and expect the bubble of bitcoin to burst any minute.
The limited amount of bitcoin in the world is in the heart of the predictions of Ronnie Moas. He clarified: “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.”
Moas is extremely optimistic about the future of the most popular cryptocurrency. He is so confident in bitcoin that he even said that it would catch Apple in market cap. He used an analogy with one more leading corporation to explain the mechanics of bitcoin plays: “I look at bitcoin the same way I look at Amazon,” he said. “The way to play Amazon for the last 15 years was to buy it, hold it, and add on the dips. That’s exactly the way I think people should be playing bitcoin.”
Max Keiser, The Keiser Report host, found the perfect words to describe Ronnie Moas – he said that “crypto now has a rock star analyst”. Saying that bitcoin price would be $5,000 when it was traded for half the amount was a shocking prediction. But it did not take too long for the prediction to come true. Bitcoin would hit $300,000 – that is a bold statement. Could it be true? Only time will tell.