It is difficult to put a value on Bitcoin to say the least. There are still many people who do not even understand what Bitcoin is let alone how to value it. Those who do understand it and who trade it in though want to know where the value of this crypto-currency is headed. New research is positive for those who are bullish on this type of currency.
Standpoint Research believes that Bitcoin is about to nearly double in value from where it has been trading recently. The value of one Bitcoin reached nearly $2,600 on Wednesday July 5th, 2017. However, Standpoint Research believes that it is about to head towards the $5,000 mark.
The even more exciting thing for those who believe this research is that the stock analyst who put out this estimate believes that it is possible that the value of Bitcoin could hit that $5,000 number in as little as a few months from now. That is incredible because that would mean a doubling of one’s money in just a few months. There are not too many legal and legitimate opportunities that come around where you can do that.
Ronnie Moas is the one who has put out this estimate and asks you to check this info to see if you too believe as he does about Bitcoin. He stresses that only 21 million Bitcoins are ever able to exist. That is the maximum capacity that can possibly exist with this currency. That means that if demand for this crypto-currency continues to increase, then so too will the price. It is not as though more Bitcoins can just be printed up.
Moas says that it would be more painful to him to not act on the crypto-currency movement than to lose money on them. He believes so strongly that these currencies are going to increase in value that he feels that he simply could not remain on the sidelines. This may sound like someone who is just overly excited about a investment, but it turns out that many others feel the same way that this man does. At any rate, he has been right about several investments in the past, so people are certainly listening carefully to what he has to say.
Goldman Sachs and others have also taken optimistic views on Bitcoin. They put a target price of $3915 on the currency. That too would be a big gain of roughly 50% on the price that you can get it today. That is a better investment than what most others out there are returning.
As with any type of investment, there is risk to Bitcoin. It could be that the crypto-currency movement has a slowdown and demand decreases for Bitcoin as well. There could be a hacking attack that causes the currency to have problems as well. On the other hand, a lot of people are very optimistic in their belief that the value is just going to continue to increase in value.