According to Philip Nunn, CEOof Blackmore Group andWealth Chain Group, the BTC exchange rate is likely to skyrocket all the way up to 60000 USD/BTC.
Before you start laughing at him, please keep in mind that back in February 2018 when Bitcoin cost 11K dollars per coin, he predicted a drop down to $6K in the near future, which is something we can see right now. The next step is a strong rally to increase the value 10-fold. Accordingto him, this is going to happen somewhere in late 2018.
In the meantime, the cryptocurrency known as Docademicgained over 60% over the period of 1 trading week. This happened due to John McAfee, the founder of the popular antivirus named McAfee. He called the cryptocurrency a diamond and promised to use it when running for president in 2020.
At the same time, Australia's tax service is currently looking for those cryptocurrency traders and investors evading taxes. The thing is that cryptocurrenciesare legal financial assets in Australia, which is why investing in them is also taxable.
