Published on October 11th, 2017 | by bitcoin0
Billionaire Mike Novogratz Says Bitcoin Will Hit $10,000 in a Year
Ex-fund manager Michael Novogratz has said in an interview that he believes the value of a bitcoin will reach $10,000 in six to 10 months.
Named the Galaxy Digital Asset fund, Novogratz indicated he has committed $150 million of his own money to the venture, and aims to raise the rest by January, CNBC reports.
The remaining funds will be raised by wealthy individuals and other hedge fund managers.
Rather than focus on a narrow range of cryptocurrencies, the billionaire intends to invest indiscriminately across the industry, or “play the whole ecosystem,” he explained.
Bitcoin is set to become “the biggest bubble of our time,” he added, and could reach $10,000 very soon due to fast-building interest.