Published On: Thu, Jul 6th, 2017

$50,000 Per Bitcoin Within Next Decade: Standpoint Research Founder

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Standpoint Research founder and analyst Ronnie Moas is predicting that the bitcoin price will climb to $5,000 in the next year and then hit $25,000-50,000 in the next decade.
Standpoint: From $5,000 to $50,000 per Bitcoin
Famous trader Ronnie Moas, who also is the founder of the Florida-based investment firm Standpoint Research, told his clients in a note Wedensday that the bitcoin price could double to $5,000 in 2018 and potentially hit a price range of $25,000-50,000 in the next decade.

Moas admits that this isn’t the first time that he encountered bitcoin and cryptocurrencies
In the early stages of my research. I quickly dismissed it back in 2013, 2014, 2015 and 2016. Now, we are in 2017 — the market cap is $80 billion and I (and others) must take it a bit more seriously
The logic behind his report is very easy to understand. “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,” he explains.
Though Moas doesn’t rule out the possibility of a near-term bubble, his prediction is based on the current demand of Bitcoin worldwide. The current state of the stock and gold …

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