Cryptocurrency entrepreneur Julian Hosp thinks that Bitcoin could reach a high of $60,000 next year but warns that we may also see its value drop to $5,000. The 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.



Hosp likened the current interest in bitcoin to the dotcom bubble that started about 20 years ago and warned that a consolidation of digital coins is likely to take place in the future. “I don’t think it’s going to be a bubble that’s just going to burst and everyone is going to lose their money, but I think it’s going to be that all the coins and all the assets with very little use or value are going to get sorted out,” he said.

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Source: [H]ardOCP – Bitcoin Could Hit ,000 in 2018 but Another Crash Is Coming, Says Startup Exec