Bitcoin News Expert Doubles Down on USD 60,000 Price Prediction for Bitcoin

Bitcoin  is the first peer-to-peer digital currency, also known as  cryptocurrency. It is famous for its decentralized transactions, meaning  that there is no central governing body operating it, such as a central  bank. Bitcoin News will help you to get the latest information about  what is happening in the market. Get to know more about “Bitcoin mining”  and its circulation tendencies by dedicating some time for the most  important Bitcoin News on a daily basis. If you wonder what the future  of Bitcoin will look like, stay on the top of the information flow with  Bitcoin News today. It’s important to get all the details and to form  your own opinion about the possible upcoming scenarios. With Bitcoin  News today you will be aware of the latest trends and you will be able  to accumulate what is likely to happen. Nevertheless, it’s worth hearing  various opinions and create your own overview. Latest Bitcoin News is  definitely your needed source of information, so take a look and find  what is of your interest. You will be excited by the changing situation  and new opportunities that Bitcoin offers. It’s definitely the currency  of the future, so stay tuned with the Latest Bitcoin News and build your  own investment plan. It’s all about the right timing, so be wise and  collect as much knowledge as possible right now. Don’t lose the chance  to see how the future will look like and get prepared for the new era! Phillip Nunn, a high-profile blockchain consultant, online influencer  and popular public speaker, said in an interview with  BusinessCloud.co.uk that he stands by a bold price prediction for  bitcoin that he made earlier this year. Nunn predicted back in January of this year that bitcoin would reach a  low of USD 6,000 in 2018 before it will rebound to a high of around USD  60,000 by the end of the year. In the interview, Nunn said that even as the bears have dominated the  bitcoin market as of late, volatility will ultimately work in favor of  the bulls, and added: “I absolutely stand by my prediction.” “What you've got to remember is that the sharpest comparison to  crypto in recent years is the dotcom-era, but actually crypto is a whole  industry in reverse because the initial investment into it is from the  crowd,” he explained. Nunn also told the newspaper that since virtually all the money in  the crypto space is from the general public, prices of cryptocurrencies  tend to follow investor sentiment rather than normal market  fundamentals. “[…] A flood of bad news can wobble the market, stuff like  regulation. The industry is so small that there's market manipulation,”  Nunn added. Meanwhile, Tom Lee, Head of Research at Fundstrat Global Advisors,  still thinks that bitcoin could hit USD 25,000 despite the recent drop.  Lee believes that once institutional investors jump into the market,  there could be solid gains in bitcoin. Following the strong sell-off last week, bitcoin prices have  consolidated over the weekend and appears to have found support around  USD 6,400 as of press time.