Could Bitcoin Price Reach $60,000 in 2018?
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Answer Could Bitcoin Price Reach $60,000 in 2018?
Bitcoin Price Will Reach $60,000 in 2018 – Cryptocurrency Expert Still Sticks to January Prediction
Cryptocurrency and ICO expert Philip Nunn predicted last January that Bitcoin would hit lows of $6,000 and also reach $60,000, and Nunn recently reiterated his confidence in the outlook after the bitcoin price plunged nearly 18% last week.
“It will change everything.”
Philip Nunn, CEO of Blackmore and Wealth Chain Group, sparked great interest in the investing community in January of this year when he predicted that the price of Bitcoin in 2018 would hit a bottom of $6000. And a high percentage of $60,000. At the time of the forecast, the price of Bitcoin had retreated by a large percentage from its all-time high in mid-December of $20,000, sitting at just over $10,000.
Read:Historically… February is a positive month for the cryptocurrency industry, will it happen again this year?
The first halving of Nunn’s prediction came true in the first week of February when the price of Bitcoin briefly dropped below $6000. Now, many are skeptical that Bitcoin will be able to return to its 2018 highs of $20,000, let alone anywhere near $60,000.
Nonetheless, Nan remains confident, citing his unwavering belief in the underlying blockchain technology as the vehicle that will take Bitcoin and others to new levels in the coming years. He told the businessmen:
“The reality is that we’re moving from the Internet of information to the Internet of value. It’s going to change everything: money, legal record keeping.”
“I am completely assured of my expectations”
Nunn – as well as most cryptocurrency investors and analysts – will agree that the biggest factor in this high percentage of predictions in either direction can be taken into account for high market volatility. Nan explained:
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“The forecast is based, primarily, on the market volatility we are seeing at the moment; I think this is really clear. I am absolutely certain of my expectations.”
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