The Playbook For The Modern Man

Crypto Wallet Founder Believes Bitcoin Could Soar To $60,000 In December

But only if certain conditions are met..

One could be forgiven for forgetting about Bitcoin. In December it was all anyone could talk about, but since the $20,000 spike, it has languished around the $8,000 mark (it currently sits at $8659). However, Julian Hosp, co-founder and president of TenX, a crypto wallet, makes a decent case for why Bitcoin will likely increase in value again, if not reach $60,000, by the end of the year.

Yes: anyone who owns a crypto-based company has a vested interest in generating hype, so take it with a token of salt. But Hosp has correctly predicted Bitcoin trends before (at least he said as much on CNBC), so he’s probably worth listening too more than the crypto-punters of your office (who Warren Buffet somewhat hilariously/indirectly insulted back in May).

Hosp argues that movement on the regulatory front is a positive sign, and if a major positive event occurs, Bitcoin will hit $60,000 this year. Such an event, as reported by CCN, “Could be a country making a positive announcement about bitcoin or a bitcoin exchange traded fund coming to fruition.”

He also added that for his prediction to come true, Bitcoin would need to surpass the $10,000 mark by August. Should this happen, media coverage should then generate enough hype to make the $60,000 price possible.

RELATED: Warren Buffett Says Crypto-Dorks Aren’t Investors 


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  • Panda

    So stupid predicting ridiculous target prices with no valuations (fundamental or technical) whatsoever. People need to do their due diligence and stop focusing on investing in these currencies and start focusing on investing in the technology behind these currencies. Just FYI Bitcoin/US has a MA200 resistance of 9092, so the price will need to stay above there for quite some time to reverse into a uptrend in the near future.


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