Longtime stock researcher Ronnie Moas raised his toll target on bitcoin past times $2,500 on Mon afterward the digital currency hitting all-time highs over the weekend.
"What's happening is the floodgates are opening," Moas, founder of Standpoint Research, said inwards a telephone interview amongst CNBC on Monday. "I believe at that spot are hedge funds together with really deep-pocketed individuals going into this now, actually hundreds of millions of dollars."
Moas get-go seat out his views on bitcoin's potential inwards early on July together with issued a formal report at the halt of final calendar month amongst a toll target of $5,000 for adjacent year.
He told clients Mon he at in i trial expects bitcoin to climb most eighty per centum from the weekend's records to $7,500, together with maintained the digital currency could surge to $50,000 inwards 2027 — representing a 28 per centum annual compounded increase rate.
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