Ronnie Moas, who has made more than 900 action recommendations over the past 13 years through her solo show at Standpoint Research, now ventures into cryptocurrences.
Bitcoin will double to $ 5,000 next year and will reach $ 25,000 to $ 50,000 over the next decade, Moas of Miami Beach in Florida said in a note to customers Wednesday, where he also revealed that he bought "a little" of litecoin , Bitcoin and Ethereum in a Coinbase.com account.
It is a testament to the exuberance surrounding bitcoin, ethereum and other blockchain assets that stock investors who had not been involved in cryptocurrences are now beginning to analyze and make bets in the sector along with established bitcoin enthusiasts who see long term gains They say that there could be a correction after the recent demonstration.
"There are only 21,000,000 bitcoins in circulation and the world will fight for those 21 million coins, while confidence in currency and other investments deteriorates," Moas wrote, referring to the algorithm that limits the amount of bitcoin that can be created. "I have no doubt that 1% of cash, bonds, stocks and gold will end in cryptocurrences."
Bitcoin has more than doubled this year to $ 3,000 as adoption increased, more institutional investors backed blockchain technology and the second-largest digital currency, ether, began to be popular in fundraising rounds for companies Technological developments. Bitcoin fell to as low as $ 2,544.40 today from its high on June 12 in the concern that digital currencies can not reach wider acceptance quickly enough and that their profits have been exaggerated.
Moas says he "is only a little worried that there may be a short-term bubble," but in the long run, there is the potential for triple-digit returns.
Moas recommends securing cryptoconversion positions through services such as that offered by Trezor.io and reminds customers that their position is only informative and should not be viewed as an investment advice or as a recommendation.