Founder and analyst of Standpoint Research, Ronnie Moas suggested that by the end of 2020, the price of bitcoin would reach $ 15,000-20,000.

At the moment, the number one crypto currency continues to grow and is trying to pass for a mark of 4,500 dollars. Now one bitcoin already costs three ounces of gold.

Forecasts Moas According to Moas, the total market capitalization of all virtual currencies will only grow. And from today's 160 billion dollars will grow to 2 trillion dollars in the next 10 years. He also compared the growth of the crypto-currency market with the dotcom boom in the 1990s.

Regarding the record price for bitcoin today, I'm not worried any more than the Amazon or Google investors, when the stock prices of these companies jumped by hundreds of percent and reached a mark of $ 100 and $ 200 many years ago. Today, the value of shares of both companies exceed 900 dollars. The question is not where we are. The question is - where are we going? I do not think we are in a bubble.

In his previous forecasts, Moas suggested that bitcoin would grow to $ 5,000 in the coming months, and the price of Ethereum would double this year.

Pessimistic forecasts for the crypto-currency market Despite the phenomenal growth of the crypto-currency market, not everyone is confident in its long-term outlook. One of the skeptics is the investor Peter Schiff, who previously predicted the 2008 mortgage crisis.

According to Schiff, bitcoin and other virtual currencies are a bubble based on "simple greed".