Julian Hosp, TenX co-founder stated that Bitcoin would reach about $60,000.00 by the end of this year and this means that it would see a price rise of 835%. He discussed the matter with CNBC.
“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,” he explained.
According to Cryptoglobe, “During his interview with Akiko Fujita at Hong Kong’s RISE tech conference, Hosp confirmed that a “massive positive event” would probably be required this year for Bitcoin (BTC) to hit $60,000. Per the TenX president, bitcoin’s price could rise significantly if an influential country were to make an announcement that would be perceived as “very, very positive” for the world’s most valuable cryptocurrency.”
Cryptoglobe continued and reported that “Hosp believes that its price might also potentially surge if applications for Bitcoin exchange-traded funds (ETF) are approved.”
TenX co-founder: “I’m still quite confident” Bitcoin can hit $60,000https://t.co/fMs9LH880r
— Cointelegraph — Bitcoin and Cryptocurrency News (@Cointelegraph) July 11, 2018
Such bullish predictions are not necessarily realistic
As you can see for yourself, this is an extremely bullish prediction, but Hosp does believe that a significant event is set to happen that will result in dragging the price of Bitcoin all the way to the moon.
His prediction involves a figure that’s obviously way beyond what many investors believe Bitcoin will reach, but however, it’s only a prediction, and we really don’t know what is bound to happen.
It’s recommended that we keep our feet on the ground and see a realistic price of around $20,000.00 before we can even begin to consider $60,000.00.
Anyway, all these are only speculations and investors should always bear in mind that they should never base their investment decision on the comments of a single person. Such comments and predictions are helpful to be used in order to research further.