Crypto Developers Express Fresh Optimism of Price Rebound

In December 2017, when the price of Bitcoin approached $20,000, Mr. Hosp predicted that the digital currency would soar to $60,000 but will first drop to $5,000.

CryptoSlate's price data shows that Bitcoin reached a current trough of $5,800, which, for argument's sake, is close enough to the radical fall that Mr. Hosp predicted.

Having reached his predicted low point, Mr. Hosp is optimistic that Bitcoin's value can creep back up to its peak.

Mr. Hosp acknowledged that a "Massive positive event" must occur for Bitcoin to reach $60,000.

The release of a Bitcoin ETF or a country announcing something he described as "Very, very positive for bitcoin."

Bitcoin price hits $10,000 by the end of August 2018.Price momentum pushes Bitcoin back toward $20,000.

Accompanying press and media attention push Bitcoin's price toward $60,000.

While Mr. Hosp's predictions possess a degree of whimsy, other crypto experts articulated more tangible reasons to believe that Bitcoin and other cryptocurrencies could soon surge in value.

Although Julian Hosp might be reading the crypto tea leaves to determine future price points, Joseph Lubin is confident in the legal and technological developments surrounding this burgeoning economy.

In both cases, these crypto insiders are rejecting the negative narrative about the crypto market, and expressing optimism about its future.