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Having successfully predicted recent Bitcoin highs, Standpoint Research Founder Ronnie Moas sees lofty highs for the preeminent cryptocurrency in the next year.
In August, the billionaire former hedge fund manager tentatively forecasted Bitcoin’s rise to the $20,000 mark in three years, but his timelines were quite off the mark. Two months later, amid the start of Bitcoin’s outrageous bull run and talk of the launch of futures trading, Moas changed that prediction to 2018.
Speaking to CNBC ahead of the launch of Bitcoin futures on the Chicago Mercantile Exchange, Moas believes Bitcoin will see another 500 percent rise next year.
"Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I'm looking for another 500 percent move from here. The end-game on Bitcoin is that it will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world."
https://cointelegraph.com/news/bullish-moas-bitcoin-destined-for-another-500-rise