Founder and director of Standpoint Research Ronnie Moas, who predicted the growth of Bitcoin price to $ 5,000, when it was being traded at $ 2300, now says that its price will jump to $ 50,000 in 10 years.
— Ronnie Moas (@RonnieMoas) 24 октября 2017 г.
As he states, such a notable increase may happen because Bitcoin has a limited supply of 21 million tokens and the demand for coins is rapidly growing.
We’re going to have a situation in a couple of years where there are 200 million people around the world trying to get their hands on a few million bitcoin and that is what is going to drive the price to $50,000 dollars.
Founder and director, Standpoint Research
According to Moas, by 2022 the capitalization of Bitcoin will surpass the capitalization of Apple, which is now estimated to be $ 800 billion.
The founder of Standpoint Research has also added that %95 of 1,000 existing cryptocurrencies seem to be fraudulent schemes and "pump-and-dump scam operations".