2018 $11,000 sounds about right! I expect to see a pull back after 2x first...
Bitcoin's stupendous rally in 2017 has clearly enthused the supporters of Bitcoin. Standpoint Research’s Ronnie Moas, who is one of the most bullish analysts on Bitcoin, has revised his prediction upwards.
$7,500 by year end? Oops, we are almost there!
Ronnie Moas had surprised observers by his bold prediction in July 2007 that Bitcoin could reach $5,000 within months.
The price was less than $3,000 when he made the prediction, but it jumped up to over $5,000 in Sep. 2017 before retracing briefly.
In August 2017, the rapid increase in Bitcoin price led to Ronnie Moas revising his projection to $7,500 by the end of 2017. Bitcoin's rapid increase in price has dwarfed that projection as well, with Bitcoin price crossing $7,400 today. Ronnie Moas has now revised his projection, raising it to $11,000 in 2018.