Speaking to Bloomberg, experienced stock picker Ronnie Moas recently revealed that he believes bitcoin’s vlalue is going to double in the next year, and that one single coin could be worth $25,000 – $50,000 in the next decade.
Ronnie Moas, founder of Florida-based investment firm Standpoint Research, has made over 900 stock recommendations in the past 13 years, and has now decided to venture into the cryptocurrency world after, according to his own words, dismissing it since 2013. His venture started with the purchase of “a little bit” of litecoin, bitcoin, and ethereum on Coinbase.
Moas believes that confidence in other investments is going to deteriorate and, as such, more people are presumably going to enter the cryptocurrency ecosystem. He stated:
“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. I have little doubt that 1% of the money in cash, bonds, stocks and gold will end up in cryptocurrencies.”
