The Bitcoin price will surely surpass $ 20,000

Independent analyst Ronnie Moas, the founder of research firm Standpoint Research, and one who has previously forecasted Bitcoin's price increase, said it would probably cross the $ 20,000 mark and hold the momentum. Increase until reaching the 6-digit level.

At the time of the forecast, Bitcoin prices have risen about 500% since Moas made a recommendation to purchase the virtual currency in early July.

He said that Bitcoin prices have increased 500% since the date of forecast and Bitcoin's peak price will fall to $ 300,000 to $ 400,000.

His bold forecast is based on the limited supply of Bitcoin at VND21 million. Increasing demand from buyers will push up Bitcoin prices.