Do you think Bitcoin’s recent shoot isn’t going to last long? You may be misled by the recent downfall which was nothing in front of its uplift speed. The whopping figure of $19,000 is already unbelievable but the analysts have something to say that most of you won’t even believe. According to a cryptoanalyst Ronnie Moas, BTC may touch the $400,000 figure very soon.
Ronnie Moas Expressed His Thoughts…
The shots were fired by Moas who is the founder of Standpoint Research based in Miami. Here’s what Moas thinks of BTC:
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. 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.
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. This mind-boggling supply and demand imbalance is what is going to drive the price higher.
Moas Maybe Wrong
Analysts who differ from Moas don’t even say that Moas has given a big figure. According to them, Bitcoin could even reach $1 million or more.