Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's mark

[StockBet.com]

Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap
https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html

• Bitcoin's market value will catch up with Apple in five years, according to a bitcoin proponent
• Ronnie Moas from Standpoint Research told CNBC that bitcoin's price could jump to $50,000 in the next decade
• He argued that critics of bitcoin are heavily invested in U.S. banks that are being directly threatened by the cryptocurrency

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[topper26]

makes sense, why do you think dumbo dimon keeps tweeting negativity about bitcoin

[StockBet.com]

makes sense, why do you think dumbo dimon keeps tweeting negativity about bitcoin

You Jamie Demon, as John McAfee calls him?

[cryptocrusher]

Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap
https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html

• Bitcoin's market value will catch up with Apple in five years, according to a bitcoin proponent
• Ronnie Moas from Standpoint Research told CNBC that bitcoin's price could jump to $50,000 in the next decade
• He argued that critics of bitcoin are heavily invested in U.S. banks that are being directly threatened by the cryptocurrency

When you think about it, bitcoin could really be much much bigger than apple if it gets even anywhere near the same level of adoption, obviously they're not really competitors in any way but it is an interesting point of view. Finance is and always will be one of the biggest industries in the world

[ragnar0k]

Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap
https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html

• Bitcoin's market value will catch up with Apple in five years, according to a bitcoin proponent
• Ronnie Moas from Standpoint Research told CNBC that bitcoin's price could jump to $50,000 in the next decade
• He argued that critics of bitcoin are heavily invested in U.S. banks that are being directly threatened by the cryptocurrency

Meaning that apple will release iphones so crappy that will send the stock down to 100 bn?
I think they are on track with the target XD

[LFC_Bitcoin]

Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap
https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html

• Bitcoin's market value will catch up with Apple in five years, according to a bitcoin proponent
• Ronnie Moas from Standpoint Research told CNBC that bitcoin's price could jump to $50,000 in the next decade
• He argued that critics of bitcoin are heavily invested in U.S. banks that are being directly threatened by the cryptocurrency

Makes sense, $50,000 could be a relatively conservative estimate if the current growth continues of the past year to 18 months.

[Opquar]

That sounds about right. Predicting the rise to $5000 this year also lends him some credibility. It's also funny how bitcoin caught up with Goldman Sachs, as they're thinking about getting into the market.

[player514]

Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap
https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html

• Bitcoin's market value will catch up with Apple in five years, according to a bitcoin proponent
• Ronnie Moas from Standpoint Research told CNBC that bitcoin's price could jump to $50,000 in the next decade
• He argued that critics of bitcoin are heavily invested in U.S. banks that are being directly threatened by the cryptocurrency

Currently, the bitcoin market cap is around 100 billion. Apple's market cap is about 800 billion. I think there is a while for bitcoin to best Apple's market cap. In that time, a lot can happen -- apple can fall, or bitcoin can go up like crazy. I think it's unlikely that bitcoin will reach that threshold in 5 years, but if the same growth that we've been seeing is somehow sustained for the next 5 years, it's very possible.