Ronnie Moas, the creator of Standpoint Research, thinks bitcoin’s price could hit 5,000 dollars within a year. He said bitcoin is only beginning to gain traction, and it could reach 5,000 dollars in a few months.
Ronnie Moas, a stock research analyst, joins those who note that because only 22 million bitcoin can exist, the increasing demand will naturally drive up its price. Bitcoin tripled in value in few months when it hit a record 3,026.47 dollars on June 11. On Wednesday, it traded near 2,700 dollars, which more than doubled its 969 dollars price on Dec. 31, 2016.