However, Hosp also pointed out that in order for Bitcoin to reach a price of $60,000, some major event that will bring significant positive effect is needed. For instance, if an influential country decided to make an announcement which is extremely positive for Bitcoin or the exchange-traded funds of Bitcoin are approved, Bitcoin price is expected to experience some serious increase. Hosp also conceded that the major upswing of the world largest cryptocurrency could take a little longer if the situations stated above failed to happen. With the halfway mark of 2018 just passed recently, Hosp believes that in order to reach the $60,000 mark at the end of 2018, the price of bitcoin should exceed $10,000 by this August. Hosp also explained in his aforementioned forecast for 2018 that the intense fluctuation of the digital coins’ price will continue to be native to crypto until the space sifts by way of the unnecessary rallies and projects which are hiding behind those that provide tangible functions and real values.



