Julian Hosp, the TenX co-founder is still standing behind his $60,000 Bitcoin price prediction. Speaking to CNBC, Hosp said positive regulatory developments would cause the BTC price to set a new all-time high (ATH) in 2017.
Despite the massive crypto-bleed of 2018, Hosp remains optimistic about a market comeback. The total cryptocurrency market has lost more than half of its value since the start of the year. BTC is down about 67 percent from its mid-December 2017 high of $19,500.