Crypto Entrepreneur Julian Hosp has once again stated that Bitcoin can reach $60K by 2018 end. Earlier in December 2017, he has shared this bullish outlook with investors’ community. Apparently, he still stands by it.
12 July, AtoZ Markets – The co-founder and president of crypto startup TenX, Julian Hosp, has once again shared his outlook on the future Bitcoin price. He has reiterated his positive stance on Bitcoin, adding that he is still quite confident that BTC can hit $60,000 in 2018.
Crypto Entrepreneur Hosp Says Bitcoin Can reach $60K by 2018 End
He has spoken during the Rise conference in Hong Kong. During his speech, he has stated that he still stands by the initial 2018 forecast he made back in December 2017 for the Bitcoin. He has been quoted as saying:
“Back then, December, the price was at a $20,000 all-time high. I predicted for 2018, we’re going to see $5,000 and $60,000. So $5,000, we’ve pretty much hit it, so let’s see if we can do the $60,000. I’m still quite confident.”
Bitcoin still did not drop to $5000 this year, which is a price level that would bring the coin back to its valuation in September 2017. Yet, the leading cryptocurrency’s recent falls are indicating bearish signs. In late June, the cryptocurrency has dipped to $5,880.
Aside from this, Mr. Hosp believes that the $60,000 price can easily become a reality this year. He is grounding his predictions on the possibility of a “massive positive event.” This can be, for instance, a Bitcoin exchange-traded fund (ETF), or some nation making a Bitcoin-friendly decision. In case such events will not happen this year, the Bitcoin’s price uptrend could take “a bit longer.”
Regulatory Clarify is Important
Considering the recent regulatory actions coming from various countries’ authorities, the crypto market might experience some negative impact. Mr. Hosp has stated, however, that he thought it is the “perfect path” for cryptocurrency regulations. He thinks it is vital to clarify what is allowed, instead of focusing on “what is forbidden.”
In his outlook, he has stated that a rollercoaster of prices will be present in the crypto space until the sector will complete its stabilization stage.
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