Will Bitcoin Really Reach $20,000 in the Next 3 Years?

Will Bitcoin Really Reach $20,000 in the Next 3 Years?

Bitcoin Price Prediction

Bitcoin is the industry leader of crypto currency and there are many people making their Bitcoin price prediction. In this article, we discuss some of the more optimistic views on the digital currency. Bitcoin was the catalyst of the idea that general banking institutions shouldn’t be private, but they should be managed and owned by the people. The currency has the highest value and the highest market cap, by far, it’s worth $4500 as of 31 August and the industry-second, Bitcoin Cash is at $560. Even though the fork divided some of the community and created a split, both of the currencies gained much more than people thought. This month, Bitcoin hit its all-time-high, at $4660. So, will the currency continue its rate of growth and reach exorbitant prices in the next 3 years?

We’re not sure, but a stock market analyst called Ronnie Moas has an answer.

Bitcoin Price Prediction, According to Ronnie Moas.

Ronnie Moas is a stock market analyst and the founder of StandPoint Research. In an interview with Coindesk, the Moas Bitcoin price prediction is that the total market capitalization of crypto currency will reach $2 trillion in the next ten years. It’s a very optimistic and bullish perspective since the market cap right now is around $161 billion. More importantly though, is that Moas compares the crypto market to the dot-com boom in the 1990s. It’s a bold claim but it supports some of the industry icons such as Vitalik Buterin, who also claims that there will be widespread adoption in the next few years.

If we are to see a widespread adoption, it will be the exact same thing as the dot-com boom of the 1990s. Whilst some of the largest banks and governments do not realize how the crypto market is booming recently, at least we have someone from the stock market supporting this claim.

In his interview with Coindesk, he elaborated:

“I am not any more concerned with Bitcoin being at a record high than Amazon or Google investors were concerned when those share prices jumped hundreds of percent and hit $100 and $200 many years ago. Today, both of those stocks are above $900. The question is not where we are at — it is where are we going? I do not think we are in a bubble.”

This thought is parallel with the fact that Moas believes that most stocks are overvalued. To get at a $2 trillion market cap, he compares it to the existing global capital markets which are now at $200 trillion. With the rise of ICOs and new ways to raise capital, we could see the crypto-market grow exponentially.

For Bitcoin specifically, Moas states that the price will rise to $15,000-$20,000 in the next three years. His earlier prediction of Bitcoin reaching $5000 became true since the price has been hovering at $4660 as of 31/08/2017. If he’s confident that this will be the case, it’s the time to buy Bitcoin for sure. However, as we know, the Bitcoin and crypto market is rattled with the high volatility that some of these digital assets have. For now, we can’t say anything specific to how Bitcoin will go in the next few years but seeing people making bold claims like these does plant the seed of doubt. Will Bitcoin really reach $20,000 in the next 3 years? We think so, and there good chances that it does happen. So, invest now and secure the growth of your investment before it’s too late!

Buy Bitcoin Now!

With the bright future that Moas paints for us, we can hope that Bitcoin reaches $20,000. However, until then, we can only dream or invest. That’s why we suggest Coinbase for all of your Bitcoin brokerage needs! Coinbase offers one of the fastest services for people buying, exchanging and trading bitcoins. The website also has a digital currency trading platform which allows users to trade between currencies. For example, you have Bitcoins and you want to swap them for Litecoin. On Coinbase, you can look for users willing to complete the exchange. The website has been backed by several large media such as the Wall Street Journal which proves that it’s a trustworthy website for your currency needs.

Check out our article for how to invest in Bitcoin using Plus500, a CFD service. It can be one of the most profitable ways to invest in Bitcoin today.

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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