Ronnie Moas of Standpoint Research has a target of $5,000 for bitcoin by 2018, or in five months’ time. He published his call in a 122-page report at the end of July, which you can get via the Standpoint website or if you contact him on Twitter. His rationale is that a fraction of the world’s $200 trillion in stocks, bonds, gold, and cash will eventually make its way into bitcoin and other cryptocurrencies over the next 10 years. Moas thinks cryptos will be used as a payment system in emerging economies, and a store of value elsewhere. Cryptocurrencies then establish themselves as an asset class that mainstream investment advisers pitch to clients, he says. This scenario takes bitcoin’s market value from $56 billion today to $2 trillion, representing a 28-fold gain. And that’s his conservative estimate. “It would not shock me to see cryptocurrencies go to 4%” of global investment assets, Moas says. “Before anyone laughs at me for suggesting that something like that could happen—just look at what happened [in bitcoin] in the last five years. People who put in $10,000 made $1 million already. It happened already and I think it will happen one more time. We are in the 15th minute of a 90-minute soccer game—and it could go to overtime.” https://qz.com/1047848/btc-price-the-case-for-5000-bitcoin/