Apple is the most valuable company in the world, boasting a market cap of $807 billion to lead other tech giants like Alphabet
GOOGL, +0.14%
and Microsoft
MSFT, +0.18%
by a fairly wide margin.
By the same measure, the iPhone maker also holds a big lead over bitcoin
BTCUSD, -3.04%
which currently has a market cap of almost $100 billion.
That lead is about to shrink in a big way, according Standpoint Research founder and director Ronnie Moas. But not because Apple
AAPL, +0.45%
is bound to stumble. No, Moas has his sights set on massive gains for bitcoin.
“People need to start taking this seriously because today bitcoin caught up with Goldman Sachs
GS, +1.24%
” he told CNBC in an interview. “Within five years, it’s going to catch Apple.” Goldman’s market cap is around $94 billion.
Of course, bitcoin is not a stock, so these kinds of comparisons are really just to give some perspective on how big the crypto is becoming.
Either way, when bitcoin was trading at $2,600 earlier this year, Moas targeted $5,000 by 2018. After it cleared that hurdle, he pushed his target up to $7,500. He reiterated his long-term call on Tuesday, predicting bitcoin to possibly reach $50,000 within a decade and drive its market cap up to a trillion dollars.
“You have a supply-demand equation here that is mind-boggling to me,” he explained, referencing bitcoin’s limited supply of 21 million tokens.
In a few years, there could be about “200 million people around the world trying to get their hands on a few million bitcoin,” Moas added.