Cryptocurrency entrepreneur and Tenx founder Julian Hosp stated in his CNBC broadcast that the rapid rise in Bitcoin prices is not over yet, but there is something in it.. Hosp, the founder of a company that aims to make it easier to spend virtual money called TenX, said:. “I think the Bitcoin price will reach the $60,000 mark, but we will also see Bitcoin drop to $5,000,” he said.
Is the price of Bitcoin really $60,000?
Which of the matter comes first? Hosp, who said that it will happen, pointed out that the price of Bitcoin, which is currently around $ 15 thousand, would fluctuate by $ 45 thousand or collapse by $ 10 thousand.
As it will be remembered, Bitcoin prices reached 20 thousand dollars in mid-December, but lost one third of its value in one day and decreased to 12 thousand dollars.. The price of Bitcoin is $ 15,205 as of 15:30.
Speaking to the CNBC program called Squawk Box, Hosp also stated that the experts in the market welcome such decreases and even watch for such crashes.
This landing is very very healthy for us and some of us are using it to buy a little more. Because it’s kind of like you suddenly got a 40-45 percent discount.
Hosp said that the bitcoin price will definitely experience sudden drops in some periods, if not now, but the chart will be up in the long run.. He also added that he would fall a little in the meantime.
Is Winter Coming?
You know the phrase “winter is coming”, which has become a classic as a harbinger of difficulties in the Game of Thrones series.. Responding to the claims that the Bitcoin bubble, which was started to be expressed through this sentence, is at the door, Hosp said: “Winter will come sooner or later,” emphasizing that this does not seem likely in the next few months, but that after a year or two, a serious squeeze in the market will be inevitable.
Hosp made another important claim. He pointed out that not Bitcoin itself, but the interest in it, is similar to the dotcom bubble of 20 years ago and that all coins are likely to consolidate in the future.. But all coins and assets with little use will dissolve and find their real value.
Although Hosp does not share his opinion on which coin instruments will last the longest, he likened Bitcoin to digital gold.. However, he said that its use in daily life will be limited.
TenX founder Julian Hosp is holding conferences on blockchain and cryptocurrencies around the world.. He also has a best-selling book.. Hosp, 31, is a medical doctor by profession.
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