Successfully Predicting Recent Bitcoin Summits, Ronnie Moas, Founder of Standpoint Research, Sees High Highs for Pre-eminent Cryptocurrency of the following year

August, the former billionaire hedge fund manager tentatively provided that the increase of Bitcoin to the bar of $ 20,000 in three years, but its deadlines were quite out of the mark. Two months later, at the start of Bitcoin's frantic race and talking about the launch of futures trading, Moas changed this forecast until 2018.

Sending to CNBC before launch Bitcoin futures on the Chicago Mercantile Exchange, Moas believes that Bitcoin will increase by 500% next year.

"Bitcoin is already up 500% since I recommended it in early July, and I'm looking for another 500% move. In my opinion, the end of the game on Bitcoin will be $ 300,000 to $ 400,000, and it will be the most valuable currency in the world. "

The World's Most Precious Mint

Is not hard to understand why Moas takes a much bolder approach towards Bitcoin – since it has surpassed all predictions and all death sentences

Moas says the crypto ceiling currency at 21 million chips is a major factor in its rapidly rising value.So again, it made a comparison to gold, but insists that cryptocurrency will be much more valuable than coins. Millions of people watch a slice of action.

"I do not know not how much gold there is, but I know how much there is Bitcoin, and in two years there will be 300 million people in the world who will try to get their hands on a few million Bitcoin.

The volatility of Bitcoin a hot topic of discussion in recent months, with enthusiasts and industry experts adopting the "hodl" approach. The bullish approach has created a scarcity in the market that has pushed up value.

People constantly ask if it is "too late to buy Bitcoin," but Moas insists on constantly buying price cuts

"I'm looking at Bitcoin the same way I look at Amazon: the way to play Amazon for the last 15 years was to buy it, hold it, and add it to the troughs, that's exactly how I think that people should play Bitcoin. "

Opponents continue to flout

Axel Weber, head of the Swiss bank UBS, hit Bitcoin in an article published Sunday and called strict regulation.

"We, as a bank, have very consciously warned against this product because we do not consider it valid and durable."

It is part of a plethora of traditional leaders who stay away from cryptocurrencies.