Another Reckless Prediction: Startup Exec Says $60,000-Worth Bitcoin Is Real

Another Reckless Prediction: Startup Exec Says $60,000-Worth Bitcoin Is Real

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.

Bitcoin’s Volatility? In 2017 BTC Was More Stable Than In Its Early Days
Despite some 30% crashes in 2017, bitcoin managed to increase by total 1,400% last year, conquering the world’s financial stage. Banks are becoming...
Stablecoin - Everything You Need to Know
What Is A Stablecoin? You must have heard of cryptocurrency which has been the recent talk of the town. Well, stablecoins are a form of...
Gold Pulls Bitcoin Investors From BTC, Says Van Eck Associates CEO
In 2017-2018 bitcoin bit gold as bait for investors. However, the situation is expected to change in 2019 as investors already hope more for the gold...
Crypto-Supporter Milne Said Bitcoin’s Only Ledger to Last 100 Years
As bitcoin continues trading approximately Twitter thread entrepreneur Alistair Milne forecasted that the upcoming cyber money bull will decide which...
Increased Supply of Altcoins Will Depress Bitcoin, Says St. Louis Fed Report
As it is known, crypto-supporters (bitcoin bulls) widely believe that the increase in the capped supply of all cyber-coins will boost bitcoin’s value...
BTC Market Cap Will Surpass $7 Trillion Gold Cap, Say Winklevoss
Recently, Tyler and Cameron Winklevoss, world-known entrepreneurs and early supporters of cryptos, have taken part in Reddit’s traded at $4,061 and...
Crypto-Community Celebrates Bitcoin’s 10th Birthday
This year’s January 3 marks a decade since the first bitcoin block was generated by Satoshi Nakamoto. Back then, in 2009, this person (or group of...
Best Bitcoin Memes in 2018: ‘Hodling’ and Crying
2018 has not been an easy year for bitcoin, not at all. Whereas it left 2017 at the price of $10,000, it started the new year in a pretty bullish...
Bitcoin Hits $4,190 For The First Time Since Early December
For the first time in a fortnight, bitcoin has managed to creep above the $4,000-margin. As of writing, the king of all cryptos is traded at $4,031...
Bitcoin Surpasses $3,500 on the Anniversary of the $19,000 Record
Today, December 17 marks an anniversary since bitcoin hit the $19,000 high for the first time ever. Moreover, this day marks a petty recovery of the...