Phillip Nunn, a cryptocurrency and ICO expert made a prediction about Bitcoin price back in January this year. According to his prediction Bitcoin price would reach the bottom of $6,000 and highs of $60,000.
The first half of Nunn’s prediction came true in the first week of February when the price of Bitcoin briefly fell below $6000. Now, many are becoming skeptical that Bitcoin will be able to return to its $20,000 all-time high in 2018, let alone come anywhere close to $60,000.
He told Business Could: "The reality is we’re moving from an internet of information to an internet of value. It’s going to disrupt everything; money, record-keeping, legal. The prediction was based on, first of all, market volatility which we’re experiencing at the moment; I think that’s really apparent. I absolutely stand by my prediction."
Nunn also said: "All the money that exists in crypto at the moment is from the public, so it’s all about market sentiment. A flood of bad news can wobble the market, stuff like regulation. The industry is so small that there’s market manipulation."
Do you believe Phillip Nunn’s prediction will become reality? Are you expecting new all-time highs in 2018? Let us know in the comments below!
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