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Bitcoin could hit $60,000 in 2018 but another crash is coming, says startup exec

CNBC [1]
December 26, 2017

Cryptocurrency entrepreneur Julian Hosp says bitcoin’s rapid rise isn’t over yet. But there’s a catch.

“I think we’re going to see bitcoin [2] hitting the $60,000 dollar mark, but I also think we’re going to see bitcoin hitting the $5,000 dollar mark,” said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies [3].

“The question is though, ‘Which one is it going to hit first?'” he said.

Numerous high-profile critics [4] and several national governments [5] have warned of the dangers of investing in cryptocurrencies, which they say are likely to crash because nothing underpins their value.

Hosp’s forecast would represent a $45,000 rally from the current price of bitcoin — or a $10,000 collapse, underscoring the volatility of the world’s largest cryptocurrency.

Read more [1]