Bitcoin General News

Analyst says Bitcoin should hit $28,000 in the next 6-12 months

Ronnie Moas, one of the top stocks and crypto analyst predicts that the price of Bitcoin will hit the $28,000 mark in the coming 6 to 12 months. He also said that Bitcoin market valuation is more than half of the 30 names in the Dow Jones 30 list including Goldman Sachs, IBM, McDonald’s, Nike, Boeing.

Ronnie Moas in a post on Twitter said that the Bitcoin has outperformed more than half of the 30 names in the Dow Jones Industrial Average (DJIA) in terms of market valuation. Moas also pointed out that the valuation of Bitcoin is greater than many industry giants like Goldman Sachs, IBM, McDonald’s, Nike, Boeing.

According to Ronnie,

“Bitcoin market valuation is > half of the 30 names in the #DowJones including #GoldmanSachs #IBM #McDonalds #Nike #Boeing | $BTC price should (at least) double from here in the next 6-12 months & bring BTC to # 3 on that list of 30 behind only #Amazon #Walmart | target = $28,000”

He said that the $BTC price should at least double its present price in the next 6 to 12 months. The target price set by Ronnie Moas for Bitcoin is $28,000.

Also according to the tweet, the price change will bring bitcoin (BTC) to rank third on the DJIA at that time, just after Amazon and Walmart.

The Dow Jones Industrial Average (DJIA) is a stock market index which shows the value of 30 large, publicly owned companies based in the United States. DJIA also shows the performance of the companies in the stock market during various periods of time.

The price of Bitcoin at the time of writing is $10,152.20 USD (-2.25%) with a market capitalization of $181,550,059,689 USD. The BTC dominance among the entire crypto market is 68.8% with a 24-hour trading volume of $12,878,463,804 USD.

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