You gotta love the believers. TenX’s co-founder Julian Hosp is definitely bullish about market leader BTC with his prediction for the second half of 2018. At the RISE tech conference in Hong Kong the crypto wallet and card start-up founder said to CNBC:
“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.”
The Julian Hosp Prediction
It’s an interesting range-covering prediction. And while the coin has come “close” to $5,000 this year, it hasn’t actually hit it. The lowest we’ve seen this year is June’s $5,700. The way the market has been faring of late though, bears seem to be holding down the fort and it wouldn’t be a surprising turn of events if BTC did hit the $5K mark.
The appropriate question is ‘When? rather than ‘If’.
On the other end of the scale, reaching $60K (which is triple the amount of Bitcoin’s all-time-high of $20K) would take some major event to push the coin price up there. Hosp does recognize this. He is a believer, but not blindly bullish, stating that it would take a “massive positive event” to send Bitcoin to the moon.
Source: Cryptocurrencynews.com Bitcoin Y-T-D Chart
That event could be a Bitcoin exchange-traded fund or ETF, which many believe is what the cryptocurrency market needs to stabilize. So far though, attempts at establishing this have been futile as the application has been refuted by the SEC on more than one occasion. Maybe 2018 will see a successful application green-lit.
Hosp is holding firm though on his prediction. He joins the ranks of other major crypto-figures sending Bitcoin to the moon in 2018. Tom Lee has famously predicted the coin to reach $25K. Financial analyst Brian Kelly also believes Bitcoin will see major gains.
And then there’s Roger Ver who believes Ethereum and Bitcoin Cash will out-run the leader, pushing it further down the rabbit hole.
But then he is never going to be bullish about BTC, is he?
It’s anyone’s game really.
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