TenX CEO: Bitcoin Can Hit $60000 in 2018
The co-founder and President of the crypto payment startup TenX Julian Hosp says that the price of Bitcoin can hit $60,000 in 2018. He told this on the RISE conference in Hong Kong.
Though Bitcoin did not drop below $5,000, it was very close dropping to the level of November 2017 in the end of June. Since then Bitcoin gained a little bit and makes $6,200. This number is lower than $20000 by 70%.
Hosp admits that Bitcoin needs a positive event to reach $60,000. This could be launch of Bitcoin-ETF or some positive statement from any country. If such an event does not happen this year, than movement to $60,000 will “definitely take a bit longer”, said Hosp. To reach the goal in 2018, Bitcoin must pass the $10,000 mark.
Julian Hosp is not the only person who is optimistic about the future price of Bitcoin. Thus, Clem Chambers from ADVN considers that Bitcoin may hit $100,000, while the co-founder of BitMEX Arthur Hayes predicts the price of Bitcoin around $50,000 by the end of 2018.
Thereat Bitcoin continues to be actively criticized, which includes prestigious scientists. Recently three leading US economists Joseph Stiglitz, Nouriel Roubini and Kenneth Rogoff denounces further falling of Bitcoin.