TenX co-founder, Julian Hosp is still optimistic about his Bitcoin price prediction of $60,000 despite the recent downturn in the cryptocurrency market. So far this year, Bitcoin had shed more than 60 percent of its value.
Between late December 2017 and the start of 2018, numerous stakeholders delivered their BTC price predictions for the year. Suffice to say that many of the optimistic projections have come up short. A massive crypto-bleed has seen token prices plummet since the middle of January 2018.
Hosp, like many if his colleagues, predicted that Bitcoin would set a new all-time high (ATH). Speaking recently to CNBC from the grounds of the RISE tech summit taking place in Hong Kong, he said:
“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.”
Hosp backed up his prediction by saying that a massive event could facilitate the meteoric rise of the BTC price within the last half of 2018. According to Hosp, a monumental event like the launch of a Bitcoin ETF could inject a bit of hype into the market causing the price to skyrocket.
Ethereum co-founder Joseph Lubin is also talking about the future of the crypto market and says the market will take care of itself one way or another. Lubin said,
“If price is high or if price shoots up and down, it’s actually great for us because it draws attention to our ecosystem, it draws entrepreneurs, it draws technologists and all of that interest drive fundamental value,”
The CEO of Binance Changpeng Zhao is also bullish on Bitcoin, and recently said that all you have to do is compare Bitcoin’s volume this year to its volume one year ago to see how far the market has come.
BTC is trading at $6,383 to press time, down less than half a percent on the day, bringing its weekly losses to just under 5 percent.
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