[2017-07-05] $50,000 Per Bitcoin Within Next Decade: Standpoint Research Founder

Kemarit

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Bitcoin has really made as one the most predicted assets so far. Grin

. I don't know if this is a good news for the bitcoin market. Maybe a lot of investors are really thinking that bitcoin could be the safe haven investment that they are looking for.

And for the market analyst, this is a chance for them to showcase their strength in predicting the price movement. But for me the price is really volatile and its hard to predict were the price is going. Maybe they are just hyping bitcoin because they have a really big investment in it. Just saying. Grin

Slow death

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Quote from: ivanpoldark on July 06, 2017, 05:15:11 AM

Standpoint Research founder and analyst Ronnie Moas is predicting that the bitcoin price will climb to $5,000 in the next year...

These analysts and their bitcoins price forecasts

"Daniel Masters, a co-founder at the multi-million dollar bitcoin hedge fund, predicts that bitcoin will hit $4,400 by the end of 2017. Masters believes that bitcoin adoption will continue to increase, and more companies will accept it as payment. This increased adoption will be propelled investments in blockchain technology."

"For 2017 Luria predicts that bitcoin’s price will once again double. In fact, Luria believes that bitcoin’s price will essentially double all the way up until 2025, which would mark an increase of 4,500%! If this prediction turns out to be correct, investors could generate massive returns."

"Vinny Lingham, the CEO of Civic, predicts that bitcoin could hit $3,000 in 2017. Lingham’s predictions are especially notable because he’s made a name for himself by being willing to state contrarian views, and has accurately predicted drops in bitcoin’s price. Now, however, Lingham believes that the remainder of 2016 and 2017 will be very good years for bitcoin."

Grin

1Referee

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Quote from: BitPokerio on July 06, 2017, 07:47:08 AM

50K its a dream)
But maybe some day...

Back in the days when Bitcoin was changing from owner for a couple of bucks a piece, people were visualizing how things would be when it would reach $1000 for the first ever time - target achieved. I am usually quite skeptical in terms of these predictions, but why should this not become reality as well?

Currently there are just over 16.4 million coins in circulation, which basically means that there are around ~4.6 million coins left to be minted.

Till the end of this year ~270K BTC will be minted. Taking the coins left to mint down to ~4.33 million.
In whole 2018 ~648K BTC will be minted. Taking the coins left to mint down to ~3.68 million.
In whole 2019 ~648K BTC will be minted. Taking the coins left to mint down to ~3.03 million.
In 2020 till the estimated block halving date ~350K BTC will be minted. Taking the coins left to mint down to ~2.68 million.

Not much left to mint. Grin

BitPokerio

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50K its a dream)
But maybe some day...

buwaytress

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He won't be the last of investment experts to begrudgingly take Bitcoin "a bit more seriously". The likes of Goldman Sachs have already succumbed to peer pressure and it's only a matter of time before the Big Four accounting firms will be swamped with requests to do due diligence on crypto securities.

ivanpoldark

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Standpoint Research founder and analyst Ronnie Moas is predicting that the bitcoin price will climb to $5,000 in the next year and then hit $25,000-50,000 in the next decade.

Standpoint: From $5,000 to $50,000 per Bitcoin

Famous trader Ronnie Moas, who also is the founder of the Florida-based investment firm Standpoint Research, told his clients in a note Wedensday that the bitcoin price could double to $5,000 in 2018 and potentially hit a price range of $25,000-50,000 in the next decade.

Moas admits that this isn’t the first time that he encountered bitcoin and cryptocurrencies

"In the early stages of my research. I quickly dismissed it back in 2013, 2014, 2015 and 2016. Now, we are in 2017 — the market cap is $80 billion and I (and others) must take it a bit more seriously"

Continue reading
http://bitcoinist.com/50000-bitcoin-next-decade-standpoint/

Topic: [2017-07-05] $50,000 Per Bitcoin Within Next Decade: Standpoint Research Founder (Read 3420 times)