Thanks to the continuous developments in the field of regulation as well as infrastructure, the most valuable cyber-coins might continue surging. Such an opinion expressed Julian Hosp, the head, and co-constitutor of digital wallet and card start-up TenX.
Among the currencies, which might soar, is, apparently, bitcoin. Hosp remains bullish despite any fluctuations and believes it could hit the all-time high of $60,000.
Bitcoin Is Yet To Reach Its Full Potential
Recently, there have been a lot of discussions stirred that the most known and usable cryptocurrency in the world would reach from $20,000 to $150,000 by the end of 2018. The ranks of bitcoin’s either speculators or analysts have also been swollen by Julian Hosp, TenX’s exec.
In the interview with CNBC’s journalist at the RISE tech conference in Hong Kong, Hosp explained why he is so optimistic regarding bitcoin’s future in spite of its recent desperate trials to creep up higher than $6,500.
"Back then, December, the price was at $20,000 all-time high. I predicted for 2018, we're going to see $5,000 and $60,000. So $5,000, we pretty much hit it, so let's see if we can do the $60,000. I'm still quite confident," said Hosp.
Indeed, after bitcoin reached the peak of $20,000 in mid-December 2017, it started slowly going down, until in February 2018 it dipped to around $6,000. Even though later the coin recovered, its price continued declining after May, as per Coinmarketcap.com.
Perhaps, due to such corrections, one of the most known bitcoin-bulls Tom Lee lowered his expectations of BTC from $50,000 to $20,000.
At the same time, Hosp admitted that the “king of all cryptos” will be able to go as high as to $60,000 only if a “massive positive event” takes place. According to his words, it could be a country or a cybermoney-bourse announcing something crypto-bullish.