Ronnie Moas: Bitcoin could reach $ 5,000 next year
Renowned investment adviser Ronnie Moas said Bitcoin will grow to double next year and could reach between $ 25,000 and $ 50,000 for the next decade, according to a telephone interview conducted by the US chain CNBC.
"Bitcoin will double to US $ 5,000 next year and will reach between US $ 25,000 and US $ 50,000 over the next decade," Moas said in the CNBC interview, a specialist who for 13 years has made more than 900 recommendations for actions Through its research program Standpoint Research.
Moas has been willing to enter the ecosystem, after publishing a 40-page report on cryptones, revealing that it bought "a little" of litecoin, bitcoin and ethereum through Coinbase and plans to invest more in the coming weeks.
The stock analysts who previously did not talk about cryptones are beginning to analyze and bet on the sector is a sample of the potential around the capabilities of blockchain technology.
These analysts join bitcoin enthusiasts who expect long-term profits. Moas says he is only a little worried that there may be a short-term bubble, but in the long run the story changes as there is the potential for three-digit returns.
"In the next 6 to 12 months you're going to have a bit of hysteria," Moas said. However, "this has a very long way to go before reaching the territory of the bubble."
Their reasoning is based on the fact that there is so little global capital that is invested in the crypto-currencies at this time that they can absorb many more funds without being overvalued.
Likewise, he said that as there is only 21 million bitcoin, the growing demand for the digital currency will naturally increase its price, referring to the algorithm that limits the amount of Bitcoin that can be created and expressed its certainty that 1% of the money In cash, bonds, stocks and gold will eventually end in criptomoneda.
Moas's sentiment regarding bitcoin joins the optimistic views of other heavyweights on Wall Street. In recent days, Goldman Sachs technical analyst Sheba Jafari said in a report to his clients that bitcoin could rise as high as $ 3,915.
Bitcoin has more than doubled since the beginning of the year, in December 2016 it was quoted at US $ 968 and by June this year reached US $ 3,000; While the second largest digital currency, Ether, began to be popular in rounds of fundraising for technology companies, known as ICO, which have strongly boosted its price.