In a conversation with CNBC, financial analyst Ronnie Moas said that in the long term, the bitcoin rate could reach $ 400,000.
"Bitcoin has already grown by 500 percent since my recommendation in July. I expect that with respect to current values it will grow by another 500 percent. Ultimately, bitcoin will cost $ 300,000 - $ 400,000. This will be the most expensive currency in the world, "Moas said.
In July, when bitcoin cost $ 2,600, Moas said that the rate of crypto currency could rise to $ 5,000 by the end of this year. Today, on December 18, bitcoin costs more than $ 19,000, and its capitalization exceeds $ 318 billion.
If bitcoin really can reach such heights that Moas predicts, the capitalization of the crypto currency will be $ 8.4 trillion, that is, it will exceed today's gold capitalization.
In April, ShapeShift CEO Erik Voorhes, known for his optimistic forecasts, drew attention to the fact that the market capitalization of the crypto currency exceeded $ 30 billion, and suggested that by 2021 it could grow to $ 300 billion. His prediction came true on November 27, and yesterday the segment's capitalization for the first time exceeded $ 600 billion.In a conversation with CNBC, financial analyst Ronnie Moas said that in the long term, the bitcoin rate could reach $ 400,000.
"Bitcoin has already grown by 500 percent since my recommendation in July. I expect that with respect to current values it will grow by another 500 percent. Ultimately, bitcoin will cost $ 300,000 - $ 400,000. This will be the most expensive currency in the world, "Moas said.
In July, when bitcoin cost $ 2,600, Moas said that the rate of crypto currency could rise to $ 5,000 by the end of this year. Today, on December 18, bitcoin costs more than $ 19,000, and its capitalization exceeds $ 318 billion.
If bitcoin really can reach such heights that Moas predicts, the capitalization of the crypto currency will be $ 8.4 trillion, that is, it will exceed today's gold capitalization.
In April, ShapeShift CEO Erik Voorhes, known for his optimistic forecasts, drew attention to the fact that the market capitalization of the crypto currency exceeded $ 30 billion, and suggested that by 2021 it could grow to $ 300 billion. His prediction came true on November 27, and yesterday the segment's capitalization for the first time exceeded $ 600 billion.