Two new high-profile price predictions put Bitcoin at $5,000 next year and $50,000 within ten years.
In a note to investment clients Wednesday, Bloomberg reports, “prolific stock picker” Ronnie Moas suggested $5,000 will be the 2018 Bitcoin price.
In the long term, he forecasts levels of $25,000 to $50,000 by 2027.
“I have little doubt that one percent of the money in cash, bonds, stocks and gold will end up in cryptocurrencies,” Moas added.
Bullish sentiment on crypto from mainstream investors is nothing new this year, with multiple sources both inside and outside the cryptocurrency industry remaining similarly positive about Bitcoin’s future.
Speaking to CNBC, which has also increasingly warmed to Bitcoin over the last two months, Moas meanwhile said the $5,000 price tag could happen sooner rather than later this year.
“$5,000 could happen in a few months. It's only starting to gain traction right now," he told the network.
"... This is not something I could keep my hands off of. What would be more painful than losing [money in cryptocurrencies] is not acting."
Last week, former New York Coin Center policy director Naomi Brockwell told CNBC host Charles Payne that Bitcoin was headed “to the moon” as banners suggested a possible Bitcoin price of both $1 mln and $1 bln.
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