The Forecast of a Seasoned Stock Picker

Ronnie Moas, a stock picking veteran with a track record of over 900 stock recommendations spanning the last 13 years, has stirred the investment waters with his bold predictions about Bitcoin. According to Moas, the price of Bitcoin could potentially double to $5,000 by the end of 2018, and shockingly, he foresees it soaring to between $25,000 and $50,000 within the next decade.

Equity Investors Taking the Cryptocurrency Plunge

His predictions are not just idle speculation; they highlight the burgeoning interest in digital currencies among traditional equity investors. Many who once viewed cryptocurrencies as a speculative gamble are now actively considering their positions in Bitcoin, Litecoin, Ethereum, and other blockchain assets. It’s almost as if everyone has suddenly decided they need a little crypto in their portfolios, like adding a trendy avocado toast to your brunch!

A Bullish Trend for Bitcoin

The Bitcoin train is already picking up speed, with its price skyrocketing over twofold from its early 2017 levels, touching a peak of approximately $3,000 amidst rising interest. What’s fueling this ascent? Growing merchant adoption and an increasing number of financial institutions lending their support to the digital currency market. It’s become that cool kid no one can ignore!

Scarcity and Growing Demand

According to Moas, one of the factors driving this anticipated growth is Bitcoin’s inherent scarcity – there are only 21 million bitcoins in existence. He argues that as confidence in traditional currencies and investments wanes, the world will begin to crave these precious digital coins. Imagine a global treasure hunt where everyone’s fighting over just 21 million coins! He passionately stated, “I have little doubt that 1% of the money in cash, bonds, stocks and gold will end up in cryptocurrencies.” Now that sounds like quite the treasure chase!

Uncertainties Ahead: A Possible Bubble?

While the long-term outlook appears sunny, Moas does caution that there may be potential turbulence ahead, describing the cryptocurrency market as possibly experiencing a “bubble” in the near term. But for the long-haul investors, he maintains a bullish stance, suggesting that triple-digit returns could still be on the horizon. So, should you buckle up for a thrilling ride or just sip on an iced coffee and watch the show? You decide!