Standpoint Research founder in addition to analyst Ronnie Moas has projected that Bitcoin volition accomplish a value of $15,000-$20,000 past times belatedly 2020. The cryptocurrency has continued its upward trend, several times flirting amongst the $4,500 level. This makes a unmarried Bitcoin worth nearly 3 ounces of gold.
According to Moas, the full marketplace capitalization of all virtual currencies volition soar from today’s $150 billion to $2 trillion inwards the adjacent 10 years. He every bit good compared the especial functioning of the digital currency marketplace to the “dot-com boom” of the 1990s.
“I am non whatever to a greater extent than concerned amongst Bitcoin beingness at a tape high than Amazon or Google investors were concerned when those percentage prices jumped hundreds of pct in addition to striking $100 in addition to $200 many years ago. Today, both of those stocks are inwards a higher house $900. The enquiry is non where nosotros are at — it is where are nosotros going? I utilise non intend nosotros are inwards a bubble.”
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Source: CoinTelegraph