Bitcoin To Reach $6,000 and $60,000 This Year: Philipp Nunn

 

Philipp Nunn is a cryptocurrency expert, who has predicted that the price of Bitcoin will reach $6,000 and $60,000 this year. Currently, he is the CEO of the Blackmore Group and Wealth Chain Group and has a demand as a good specialist on cryptocurrencies and Blockchain.

A $100 million crypto fund is being raised by Nunn, who first started investing in Bitcoin 2 years ago.

Despite its value soaring to $20,000 he’s not cashed in any of his investment and uses trading bots to monitor different exchanges.

 

Nunn told Business Cloud, that the reason he had predicted the price will rise to $60,000 is the Bitcoin isn’t yet fully adopted.

“I’d probably say that less than 1 per cent of the world has any holding in crypto at the moment. And also none of the institutional funds have done anything with it as yet. As crypto grows and becomes like a version of the dot com, which is going to start to happen more, people will invest and big money will come into it. “

As Bitcoin has a high volatility, Nunn predicted its value to drop to $6,000 this year. Also he gave a thought, that Blockchain would change the world, and called it the new ‘Internet 2.0’.