Bitcoin Foundation’s Llew Claasen says Bitcoin will hit $40,000 in 2018 and 90% of Altcoins will fail.

Bitcoin Foundation’s Llew Claasen says Bitcoin will hit $40,000 in 2018
and 90% of Altcoins will fail.

The Executive Director of the Bitcoin Foundation Llew Claasen predicted that
the Bitcoin price will reach $ 40,000 by the end of 2018, while 90% of all other
cryptocurrency projects will fail, reported Business Insider on February 15.

As Claasen noted during the Startup Grind conference, which took place from
February 12 till February 14. According to Claasen this failure will be caused by
taking too many risk investments by investors in cryptocurrency projects that
later turn out to be a scam.

In January 2018 alone, five major Initial Coin Offering (ICO) and cryptocurrency
scams have already been discovered, including the notorious case of
Bitconnect.

Claasen is convinced that the cryptocurrency community will learn from these
unpleasant events and will prevent them in the future, as he told Business
Insider. Claasen sees that investors are already more cautious and declares
that ‚Äúthis is a problem the market is good at solving.”

Claasen explained that Bitcoin will nog gradually grow to $40,000 U.S. Dollar in
the course of 2018. Most likely it will bounce for three to six months with the
same ups and downs we have been seeing for the last three months.

Last Tuesday, the CEO of Ripple Brad Garlinghouse said most cryptocurrencies
are likely to go to zero and will fail in 2018, as reported by Business Insider.

Source: Cointelegraph

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