Renowned Stock Analyst Ronnie Moas believes Bitcoin is destined for a $28,000 high in 2018.
If it hadn’t been for a massive price correction in the week leading up to Christmas, another big price prediction for Bitcoin in 2018 wouldn’t be hard to believe.
However, Bitcoin and other cryptocurrencies saw big drops in market capitalization due to a number of factors and lofty predictions seemed unfathomable in the wake of a massive drop in value.
Considering that the markets have now consolidated and the likes of Bitcoin and Ethereum have recovered well – it’s fitting that we revisit some targets set by the likes of Moas, who has delivered some reliable, well-informed valuations in 2017.
Speaking to Cointelegraph last week in an exclusive profile interview, Moas explained why he believes Bitcoin is destined to become the most valuable currency in the world. The 50-year-old is confident it will eventually surpass China and Gold in terms of market capitalization:
“Bitcoin would have to jump 20x from where it is now to hit that number one spot. That would put its valuation at around $6 tln, which is near where Gold and China are right now.”
“Why do I think Bitcoin deserves the same valuation as gold? It’s very simple, I don’t know how much Gold there is in the ground, But I know how much Bitcoin there is, and I also know that if the current pace continues with one to two mln people around the world opening up new crypto accounts. We will have a few hundred million people by this time two years from now trying to get their hands on a few million Bitcoin that are available.”