Standpoint Research’s Ronnie Moas: Bitcoin At $28,000 By The End Of 2019

Bitcoin may reach $28,000 dollars by the end of 2019 according to Ronnie Moas, founder of Standpoint Research. This bullish statement has been made in a moment when the cryptocurrency market fell under $200 billion dollars.

However, this is not what all the experts involved in the market believe. For example, Vitalik Buterin, during a conversation with Bloomberg, said that he market would not see another 1,000-times growth in the future anymore.

Moas explained that the current drop in the crypto market is related to retail investors that are selling their funds since the top 1% is scaring them. In a series of tweets, he gave his point of view about the market and how he believes that the price will certainly grow in the future.

The famous expert said that the top 1% and institutions are buying the dip. Something similar happened during the 2008 stock market crash. At the same time this happens, small investors sell their assets, increasing the gap between the richest and the poorest.

He then advises investors to ‘buy and hold.’

“You caught the move from $600 to $6,000 … you will miss the move from $6,000 to $60,000,”

he wrote.

Another twitter user known as Omar Bham, compared Bitcoin charts from 2013-2015 with Bitcoin price since November 2017 until today. He explains that crypto prices repeated fractal patterns. Now is the moment when prices hit their lowest point and start moving upwards.

Another expert at Weiss Ratings, Juan M. Villanuevo, explains that Bitcoin moved up from February 2013 to April 2013, and in just one week, Bitcoin crashed. For the future, the next bull run will affect investors in a different way. Due to the fact that the market will have more liquidity, the ascending period and further correction will be less extreme.

At the moment of writing this article, Bitcoin is traded above $6,400 dollars. Ethereum is still operating down with a 5% decrease in 24 hours.

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