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RE: TenX co-founder says Bitcoin could still hit $60k this year
After months of bear-market it is hard to imagine Bitcoin hitting 10k before the end of August. But, only 4-5 weeks were needed for Bitcoin to move from 6k to 20k in 2017, so anything is possible.
I believe that a legally back ETF might bring a big boost to the Bitcoin prices, just like the launch of the futures market had in the end of 2017.
What do you think personally @jrcornel?
Personally I think bitcoin will probably finish the year around $10k. I think we will get an ETF approved by then as well. If it is a physically backed ETF, that would drive a lot of demand for bitcoin and then we will have higher numbers like $15k-$25k in play by early 2019.
Thanks a lot for taking the time to answer!! :)