Co-founder and CEO of Civic and famous cryptocurrency enthusiasts Vinny Lingham predicted that bitcoin price will fall as companies in the cryptocurrency space will become unprofitable and they will have to sell their digital currencies in order to pay up for expenses, according to the public statement made on World Crypto Con held in Las Vegas.
Vinny Lingham not only made a price prediction but also made a bet with Ronnie Moas, founder and director of Standpoint Research, who claimed that the demand for Bitcoin is only going to grow stronger and is going to hit $28,000 in 2019 and grow to $50,000 by the end of 2020.
As it was also stated by Vinny, regardless of who wins, the money will be donated to the Free Ross charity – a group of supporters who work to provide legal assistance to Ross Ulbricht in the popular Silk Road case.
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