The case for $5,000 bitcoin
Bitcoin is either an enormous bubble or has a lot further to run. Financial forecasters are now weighing in on the cryptocurrency, trying to divine where bitcoin’s price is headed, now that it sits at around $3,400, up from around $600 a year ago.
Here are the arguments for bitcoin hitting $5,000—or higher.
It’s scarce and people will want it—for whatever reason
Ronnie Moas of Standpoint Research has a target of $5,000 for bitcoin by 2018, or in five months’ time. He published his call in a 122-page report at the end of July, which you can get via the Standpoint website or if you contact him on Twitter.
It’s scarce and people will want it—for whatever reason
Ronnie Moas of Standpoint Research has a target of $5,000 for bitcoin by 2018, or in five months’ time. He published his call in a 122-page report at the end of July, which you can get via the Standpoint website or if you contact him on Twitter.
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