“Prolific Stock Picker” Ronnie Moas: Bitcoin could achieve $5000 mark within months
— Bloomberg reports that Bitcoin could reach $5000 mark in 2018, as suggested by “prolific stock picker” Ronnie Moas.
— Moas also predicted that by 2027, Bitcoin might be valued between $25000 and $50000.
— “I have little doubt that one percent of the money in cash, bonds, stocks and gold will end up in cryptocurrencies,” Moas said.
Bitcoin will continue to rise as long as government doesn’t interfere negatively. But it is difficult to say if it will be able to overtake traditional stock options because the idea of a purely virtual, unregulated ‘asset’ doesn’t appeal to everyone.