Bitcoin Price Will Hit $60,000 This Year: Fund Manager
Phillip Nunn, the CEO of Manchester-based investment firm the Blackmore Group, is standing by his bullish prediction that the price of Bitcoin (BTC) will reach $60,000 in 2018. Nunn, who also advises initial coin offering (ICO) projects, said he believes the flagship cryptocurrency will see both lows of $6,000 and highs of $60,000 this year. Speaking at KPMG’s Tech Manchester, he noted that we’re close to the former. Bitcoin has rallied today and is up 4.16% over the past 24 hours. It's currently trading at $6,745.94 on Coinbase.com one of the world's largest cryptocurrency exchanges.
