Cryptocurrency will replace the traditional banking system in the future. Bitcoin is about to chase down Apple after toppling Goldman today. These are the views and predictions given in an interview to CNBC by Ronnie Moas, Standpoint Research founder and director.
It sounds very alarming but the writing seems to be written on the wall. Russia moves to regulate cryptocurrencies as Putin has set a deadline of July 2018 for the government to device a legal definition for ownership of cryptocurrency. With Russia setting its eye on regulating Bitcoin and define the rules for creation of money known as “miners“, Bitcoin today caught up with Goldman Sachs market cap.
According to Ronnie Moas “Within five years, it’s going to catch Apple.” Goldman’s market cap is around $94 billion.
“People need to start taking this seriously because today, Bitcoin caught up with Goldman Sachs,” – Ronnie Moas
He also predicts Bitcoin to go as high as $50,000 within a decade and stem its market cap to around a trillion dollars.
According to Coinmarketcap.com, Bitcoin’s current market value is about $95.9 billion as of Tuesday.