Financial Guru Predicts $28,000 as the Bitcoin Price Target for 2019-2020
- Bitcoin bears get Knocked out, for now
- Ronnie Moas of Standpoint Research sees Bitcoin price doubling in 2019-2020
- $300k or $400k is the End-Game
- Bitcoin’s market cap beats over 30 companies in the Dow Jones
- Play Bitcoin like you did Amazon: Buy, Hold, and Add on the Dips
Bitcoin will at least double in price in the next 6 to 12 months, according to independent research analyst Ronnie Moas.
A finance guru, Moas has a track record of 15 years of picking stocks, who later on ventured into cryptocurrency claiming to be “synonymous with Bitcoin.”
Back in 2017, the founder of Standpoint Research put a $5,000 target for Bitcoin in July 2017 when it was at $2,600 and further predicted another 500% increase in its price.
This time as well, Moas has put a target of $28,000 for Bitcoin to hit in the 2nd or 3rd quarter of 2020.
Play Bitcoin Like You Did Amazon: Buy, Hold, And Add On The Dips
He further pointed out how the market capitalization of Bitcoin, currently at $854 million, is more than that of 30 companies in the Dow Jones including the likes of Goldman Sachs, McDonald's, IBM, Nike, and Boeing.
But with a 166% increase in BTC price, it will take Bitcoin to the 3rd spot, behind Amazon and Walmart.
#bitcoin market valuation is > half of the 30 names in the #DowJones including #GoldmanSachs #IBM #McDonalds #Nike #Boeing | $BTC price should (at least) double from here in the next 6-12 months & bring BTC to # 3 on that list of 30 behind only #Amazon #Walmart | target = $28,000
— Ronnie Moas (@RonnieMoas) August 17, 2019
Moas looks at Bitcoin the same way as companies like Amazon. He believes people should be playing Bitcoin “exactly” the way they did Amazon for the last 15 years — “buy it, hold it, and add on the dips.”
Bitcoin Bears Get Knocked Out, For Now
Moas doesn't talk about only the big numbers or targets, he shares constant updates about Bitcoin market and price analysis on twitter.
About the latest Bitcoin price movement, Moas shared how after “quite a battle,” the bears got knocked out, for now, as tens of thousands of BTC — worth more than $200 million —were sold out at Coinbase.
Last weekend, when Bitcoin went deep in red, Moas said Bitcoin has at least six months remaining in a higher move where the price would double, meanwhile, we need to buy the dips and hold.
“2019-2020 Price Target = $28,000,” projected Moas.
$300k Or $400k is the End-Game
The last time Moas predicted Bitcoin’s rise past $20,000 and to further continue the surge into six figures. His end-game on BTC is that it will hit $300k to $400k and that
“it will be the most valuable currency in the world.”
His bullish calls are based on Bitcoin’s limited supply that is 21 million that can ever exist, unlike gold. Increasing demand for the world’s first digital currency he said would naturally drive its price up.
“In two years there will be 300 million people in the world trying to get their hands on a few million bitcoin. This mind-boggling supply and demand imbalance is what is going to drive the price higher,” he said at that time (in 2017).