Investor confirms that Bitcoin could reach $ 60,000 in 2018

Cryptocurrency investor Julian Hosp says the growth of Bitcoin is not over yet. He said he thinks we will still see Bitcoin reach the $ 60,000 mark. Julian Hosp, co-founder of TenX, a company specializing in digital currency trading explained that despite this meteoric rise, it can be expected that the price of this cryptocurrency will fall.

Many governments have warned of the dangers of investing in cryptocurrencies. According to them, this market may collapse because nothing supports their value. Mr. Hosp says there are two possibilities. Or the value of Bitcoin will increase by more than $ 45,000, a drop of nearly $ 10,000 will happen.

An extremely volatile market
After reaching a record high of more than $ 19,800 in mid-December, the price of Bitcoin collapsed last Friday. Cryptocurrency lost a third of its value in a single day, falling below $ 11,000 before regaining ground. According to Coinbase, Bitcoin is now trading at $ 15,185.

Hosp told CNBC's "Squawk Box" that for the experts who operated in this market, this situation was very predictable. All expected a lower price, given the dangerous rise of Bitcoin.

On the road to market legislation

Faced with this craze, regulators will look closely at this market to put in place clear regulations to promote the development of the sector. Each government's initiative in favor of Bitcoin would be a big step forward for this market.

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