Anx International: Bitcoin can rise to 50 thousand dollars

Anx International co-founder Hugh Madden said in an interview with Bloomberg television that Bitcoin could climb to $50 thousand and etherium would be $15,000.

Stating that virtual currencies look like a technology balloon because of deceptive advertisements, Madden said that there may still be a lot of variation from this technology and that some serious companies could emerge.

Madden writes that the virtual monetary market will be more professional and institutional interaction in 2018. Madden has pointed out that there are new products for virtual currencies and more regulatory and surveillance initiatives.

Bitcoin was traded at 16.100 dollars at 06:25 CET.