Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap
https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html
https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html
Quote
- Bitcoin's market value will catch up with Apple in five years, according to a bitcoin proponent
- Ronnie Moas from Standpoint Research told CNBC that bitcoin's price could jump to $50,000 in the next decade
- He argued that critics of bitcoin are heavily invested in U.S. banks that are being directly threatened by the cryptocurrency
Apple never moved this evenly and quickly. A 4-5 year move from 0 to $6000, that is well past anything that Apple could do. In fact, Apple has had many issues that they had to reconfigure business models around to make it where they are today. For a long period, their primary revenue was from a small, select group of users that swore by them and nothing else.
