Bitcoin could hit $60,000 in 2018 but another crash is coming, says startup executive.
“I think we’re going to see bitcoin hitting the $60,000 mark, but I also think we’re going to see bitcoin hitting the $5,000 mark,” said Hosp, founder and president of TenX, the company that wants to make it easier for people to spend virtual currencies.
“The question is: ‘Which one is it going to hit first?'” he said. Julian Hosp’s forecast would represent a $45,000 rally from the current price of bitcoin, or a $10,000 collapse.
After hitting the $19,800 mark this month, bitcoin prices went down last Friday. The digital currency lost a third of its value in 24 hours. “For experts that have been in the market, this was actually a welcome dip,” Hosp told the media.
“This dip for us was very, very healthy, and some of us have used it to buy a little bit more because suddenly we had 40-45 percent discount to all-time highs,” he added.Trade on Bitcoin
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