The price of the bitcoin will reach $ 400,000 someday, believes analyst Ronnie Moas, who this year predicted the growth of the virtual currency.
"The bitcoin will end up reaching 300,000 or 400,000 dollars per unit, in my opinion, and it will be the most valuable currency in the world," said Moas, founder and director of the financial analyst firm Standpoint Research, quoted by CNBC.
This year the expert predicted an 80% growth for bitcoin, putting the price of the most popular cryptocurrency at $ 5,000 in 2018. The analyst then predicted that the value of its rivals, ether and literary, will more than double the the next year.
Since then the bitcoin price has risen to $ 20,000, marking an increase of more than 700% since the beginning of August, when the forecast was announced. Ether has grown 300% to $ 715 per unit and literacy has increased by 800% to $ 313.
The new forecast comes after the world's largest futures exchange, CME, launched futures contracts for the bitcoin. Another bag, CBOE, did the same thing a week ago.
Moas explains that bitcoin growth is based on the fact that there can only be 21 million units of this currency and that the growing demand is driving its price.
"I do not know how much gold there is on earth, but I do know how many bitcoins there are, and in two years there will be 300 million people around the world looking to get the few million bitcoins," he said.