Standpoint Research founder and analyst Rony Moss estimates that Bitcoin will achieve the value of $ 15,000- $ 20,000 by 2020. Cryptocorgati continues its upward trend, flirting with $ 4,500 a number of times, it creates a bitcoin of about three ounces of gold.
Moas' projection for cryptocurrency market
According to Moas, the total market capitalization of all virtual currencies will increase from 150 billion to $ 2 trillion in the next 10 years. He compared the 1990s with "dot-less boom" than the outstanding performance of the digital currency market.
"I'm not even more worried than Bitcoin, more than Amazon or Google investors, when the share price has increased in hundreds percent and hit $ 100 and $ 200 many years ago. Today, those stocks are both over $ 900. The question is where we are - Where are we going? I think we are not in a bubble. "
The previous forecast from Moas included Bitcoin reaches $ 5000 in the next few months and Ethereum this year doubled
Some negative comments on cryptoconce market
Despite the excellent performance of the digital currency market, all are not sure about its long-term feasibility. One of the suspects is Peter Shiff, the investor who predicted the 2008 mortgage crisis.
According to Shif, Bitcoin and other virtual currencies are in a bubble and merely a Ponzi project operated by a "plain greed". Based on those comments, it is uncertain whether Schiff knows the definition of "Ponzi scheme".
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