Laura Banks
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After toppling Goldman, bitcoin is about to chase down Apple, says crypto bull

MarketWatch illustration/iStockphoto

Analyst says bitcoin will chase down Apple.

Apple is the most valuable company in the world, boasting a market cap of $807 billion to lead other tech giants like Alphabet GOOGL, +0.30%  and MicrosoftMSFT, +0.04%  by a fairly wide margin. By the same measure, the iPhone maker also holds a big lead over bitcoinBTCUSD, +2.66% 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, +0.60%  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, +1.12% ” 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.