Ronnie Moas, an independent analyst, Founder of Standpoint Research, reckons that Bitcoin price will keep on increasing, surpassing the level of 20,000 USD and soon reach a 6-digit value.
This bold prediction is based on the supply limit of
20 million Bitcoin. As the demanded quantity increases, the price increases as well. He shared that he didn’t know about the total supply of gold, yet he knew that of Bitcoin. Within the next 2 years, there would be around 300 million people competing for several millions of Bitcoin. Such difference between demand and supply is the driving force behind the price surge.
Despite the strong development of altcoins, Bitcoin remains on the predominant side. The recent decrease is like a “bottom price setting” phase to push the price other
cryptocurrencies to another level. Afterwards, when Bitcoin price rise, other’s will rise accordingly.
RothscoinTeam.
