The Executive Director of the Bitcoin Foundation Llew Claasen is predicted that the Bitcoin price will reach 40 000 dollars by the end of 2018, while 90% of all other cryptocurrency projects, reported Business Insider 15 Feb.
As stated by Claasen at Startup Grind, held on 12-14 February, this failure will be caused by the fact that investors are too risk to invest in cryptocurrencies, which will later turn into scams.
In just a month and a half until 2018, has already detected five major ICO and fraudsters with cryptocurrencies, including the notorious case Bitconnect.
Claasen sure that the cryptocurrency community know about these unfortunate events and will be able to prevent them in the future, as he told Business Insider. Claasen believes that investors are more cautious, saying that “this is a problem that the market decides”.
As explained by Claasen, bitcoin will gradually grow up to the value of 40 000 US dollars for 2018. Instead, it will bounce for three to six months with the same UPS and downs that in the previous three months.
Only this Tuesday the General Director of Ripple Brad Garlinghouse also said that most virtual currencies are more likely to reach zero, as reported by Business Insider.