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Julian Hosp, co-founder of crypto wallet and card start-up TenX, believes that bitcoin could be hitting $60,000 before the year ends despite only peaking at just shy of $20,000 this past December and now trading 67% below that number.
Developments on the regulation and infrastructure front continue to take place in the crypto realm. News that Americas Cardroom, one of the top ten online poker rooms in the world, confirmed 80% of its transactions are now via bitcoin is also welcome news as the Internet gaming sector continues to explode.
"Back then, December, price was at $20,000 all-time high. I predicted for 2018, we're going to see $5,000 and $60,000. So $5,000, we pretty much hit it, so let's see if we can do the $60,000. I'm still quite confident," Hosp told CNBC's Akiko Fujita at the RISE tech conference in Hong Kong.
Watch below
Discussing the future of bitcoin prices from CNBC.
- Aaron Goldstein, Gambling911.com
