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Bitcoin Will End the Year at $10,000 says Mike Novogratz

CryptocurrencyNov 22, 2017 11:27AM ET
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Investing.com - Mike Novogratz, the billionaire hedge fund investor who is starting a $500 million fund to invest in cryptocurrencies said on Tuesday that Bitcoin will end the year at $10,000.
The digital currency hit a record high around the $8,300 level earlier on Tuesday and has risen more than 700% in volatile trade so far this year.
The $10,000 level looks more like an eventuality than a possibility amid developments like the CME’s upcoming Bitcoin futures and a recent Wall Street Journal report that Goldman Sachs (NYSE:GS) is considering launching a bitcoin trading operation of its own.
Novogratz expects that ether, the second most valuable cryptocurrency by market cap after bitcoin, will trade at $500 by the years end, up from almost $370 at present.
The former Fortress Investment Group executive is starting a $500 million fund to invest in digital assets like bitcoin, ethereum and initial coin offerings. When it launches, the fund will be by far the largest in a growing world of cryptofunds.

Bitcoin Will End the Year at $10,000 says Mike Novogratz
 

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Comments (2)
Råïhâñ Îslåm
Råïhâñ Îslåm Nov 26, 2017 2:07AM ET
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Wow
HelliumStar ..
HelliumStar .. Nov 23, 2017 6:34AM ET
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Every economic indicators in USA&EU points in that direction for now! Not to mention Chrismas is just around the corner, so as personal and gov spendings...
 
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