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Bitcoin bulls get more bullish, Ronnie Moas revisits Bitcoin price forecast

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The amazing Bitcoin rally in 2017 clearly excited Bitcoin supporters. Ronnie Moas of Standpoint Research, who is one of the most optimistic analysts on Bitcoin, has revised his forecast upward.

$ 7500 from here the end of the year? Oops, we're almost there!

Ronnie Moas surprised observers with his bold prediction in July 2007 that Bitcoin could reach $ 5,000 in a few months.

The price was less than $ 3,000 when he made the prediction In August 2017, the rapid increase in the price of bitcoin led Ronnie Moas to revise his projection at $ 7,500. here the end of the year 2017. The rapid increase of Bitcoin rose by $ 5,000 in September 2017. In the price has overshadowed this projection too, with the Bitcoin price going through $ 7,400 today. hui. Ronnie Moas has now revised his projection, raising it to $ 11,000 in 2018.

In an email to his clients, Ronnie wrote:

Every day more than titles hit newswires on crypto. More and more countries are adopting it, and the few obstacles that oppose it fall like dominoes.

Long-term: Digital Gold

Ronnie Moas is ultra-optimistic The potential of Bitcoin in the long run and believes that it will compete with the world. one day. He predicted his price would be $ 20,000 in three years and $ 50,000 in 10 years

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Given the current Bitcoin bull, he could even shorten the time frame for Bitcoin to reach these levels.

While Apple could be the company with the highest market capitalization and whose value reaches record levels every day, Ronnie estimates that Bitcoin will overtake Apple in just five years.

See also  Adam Back: Increasing the size of the Bitcoin block in the medium term

Raising Awareness and Investment Rising Prices

Ronnie believes that rising prices will be motivated by heightened awareness of Bitcoin and a larger proportion of the global population investing in it.

It is estimated that less than 0.5% of people Currently, they have invested in Bitcoin and Ronnie think that this could increase to 5%.

Since the supply of Bitcoins is fixed, the imbalance between supply and demand will drive up the price. The current Bitcoin rally has clearly divided people into two opposing camps, bulls becoming more bullish and bears crying the bubble.

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