Big News Bitcoin Can Hit $60,000 This Year, TenX Co-Founder ‘Quite Confident’

Julian Hosp, co-founder and president of crypto startup TenX, says he’s still “quite confident” that Bitcoin (BTC) can hit $60,000 in 2018,

During an interview at the Rise conference in Hong Kong, Hosp told Squawk Box co-host Akiko Fujita that he still stands by the initial 2018 forecast he made in December for the leading cryptocurrency:

( Back then, December, price was at a $20,000 all-time high. He predicted for 2018, we're going to see $5,000 and $60,000. So $5,000, we’ve pretty much hit it, so let's see if we can do the $60,000. He still quite confident. )

Hosp believes the $60,000 mark could be a reality this year assuming there is a "massive positive event" — for example, a Bitcoin exchange traded fund (ETF), or a country announcing something that is "very, very positive for Bitcoin." If this fails to happen, he conceded, the major upswing could take “a bit longer.”