Bitcoin Could Hit $60,000 This Year


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In present situation bitcoin's value dipped to the $6000 but according to CCN, still one crypto startup executive believes bitcoin’s price could hit $60,000 this year.

Julian Hosp, co-founder and president of TenX, a crypto wallet, told CNBC during the RISE tech conference in Hong Kong that he expected to see bitcoin’s price hit to $60,000.

Hosp told that a major positive event will be needed to achieve the $60,000 price this year. Such an event could be a country making a positive announcement about bitcoin or a bitcoin exchange traded fund coming to fruition.

Also many other crypto observers view regulatory activity as positive, regulatory scrutiny has put downward pressure on cryptocurrency prices.

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