Standpoint’s Ronnie Moas raises bitcoin forecast to $7,500

What a day. Bitcoin just broke the $4400 and more and more top analysts are raising their price targets. Did you invest in bitcoin already?

He told clients Monday he now expects bitcoin to hit climb nearly 80 percent from the weekend’s records to $7,500, and maintained the digital currency could surge to $50,000 in 2027 — representing a 28 percent annual compounded growth rate.

“What’s happening is the floodgates are opening,” Moas, founder of Standpoint Research, said in a phone interview with CNBC on Monday. “I believe there are hedge funds and very deep-pocketed individuals going into this now, really hundreds of millions of dollars.”

Source : CNBC

Disclosure: I am invested in Bitcoin via CFDs

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