Bitcoin’s stupendous rally in 2017 has clearly enthused the supporters of Bitcoin. Standpoint Research’s Ronnie Moas, who is one of the most bullish analysts on Bitcoin, has revised his prediction upwards.
$7,500 by year end? Oops, we are almost there!
Ronnie Moas had surprised observers by his bold prediction in July 2007 that Bitcoin could reach $5,000 within months.
The price was less than $3,000 when he made the prediction, but it jumped up to over $5,000 in Sep. 2017 before retracing briefly.
In August 2017, the rapid increase in Bitcoin price led to Ronnie Moas revising his projection to $7,500 by the end of 2017. Bitcoin’s rapid increase in price has dwarfed that projection as well, with Bitcoin price crossing $7,400 today. Ronnie Moas has now revised his projection, raising it to $11,000 in 2018…