Bitcoin hits $20000 within three years-Ronnie Moas predicts

Ronnie Moas, analyst and standpoint research founder has predicted that Bitcoin hits value of $15000-$20000 by 2020. There is a continual upward trend in Bitcoin, few times flirting with the $4500 level. It makes a single Bitcoin worth about three ounces of gold.

Moas’ prediction for the cryptocurrency market

According to Ronnie Moas, the total market capitalization of virtual currencies will soar from today’s $150 billion to $2 trillion in the next decades. Comparatively, he said, the exceptional performance of the digital currency market to the “dot-com boom” of the 1990s.

“I am not any more concerned with Bitcoin being at a record high than Amazon or Google investors were concerned when those share prices jumped hundreds of percent and hit $100 and $200 many years ago. Today, both of those stocks are above $900. The question is not where we are at — it is where being we going? I do not think we are in a bubble.”

Previously, he predicted that Bitcoin reaching $5000 in few months and Ethereum doubling this year.

Related Coverage : Cryptocurrency market Cap reached new high – $150 Billion

Some negative views on the cryptocurrency market

As everyone are not concerned about its long-term feasibility, the phenomenal performance of the digital currency market. One of the skeptics is investor Peter Schiff, previously who had projected the 2008 mortgage crisis.

According to Schiff, Bitcoin and other virtual currencies are in bubble and are merely a Ponzi scheme driven by “just plain greed”. Considering those comments, it’s uncertain if Schiff knows the definition of “Ponzi scheme”.

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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