Bitcoin can hit $50,000 this year, crypto experts say

Bitcoin can surge to record $50 thousand at the end of 2018, and cryptocurrency market could hit $1 trillion, crypto experts told the CNBC channel.

Jamie Burke, CEO at Outlier Ventures, believes that we should expect a cryptocurrency market growth in February, total capitalization could hit $1 trillion in this period.

According to Thomas Glucksmann, head of APAC business development at cryptocurrency exchange Gatecoin, the regulation, use of institutional capital, innovative technologies and the launch of cryptocurrency ETF-funds will push the bitcoin price to $50 thousand this December.

CEO of the Hercules Tech company Mick Sherman is positive about bitcoin as well. He believes that Utility tokens, including Ether, IOTA and NEO will soon appreciate in value, as they are closely related to the development of blockchain ecosystem.