Cryptocurrency businessman: Bitcoin can reach both $5000 and $60000

Bitcoin’s extreme volatility has once helped it jumped at the top of $20,000 per one digital coin, and now, at the press time, Bitcoin costs 15,431 USD. Investment analyst, TenX project founder Julian Hosp makes it clear in the latest interview to CNBC that predictions on the upcoming Bitcoin price can be very different, from five thousand to sixty thousand dollars. To compare the volatility scale levels with fiat money, the Russian ruble became two times cheaper in almost a decade.

Julian Hosp does not know which one of his prognoses comes true first, on five or on sixty thousand dollars for Bitcoin, and he calls the recent price downfall a good moment for traders to buy more. He predicts that downfalls like these are going to happen often in the future, and he also tells the market will face compression.

This leader of the promising TenX startup previously told that people should begin to get used to cryptocurrency credit cards his company produces. This organization is situated in Singapore and now it has a relatively good reputation. Probably, this is the reason why it recently attracted $80 million via ICO.