Published on November 22nd, 2017 | by bitcoin0
Mike Novogratz Doubles Down on Bitcoin
Billionaire and ex-fund manager Mike Novogratz has restated his belief that bitcoin will end the year at $10,000, adding that ethereum could close at $500.
Speaking with Bloomberg Daybreak: Americas yesterday, Novogratz said that “I think we’ll hit a new high soon … we’ll end the year at $10,000 in bitcoin.”
Ethereum, the second largest cryptocurrency by market value, will also reach a new high soon of “close to $500.”
Novogratz further played down the recent Tether hack, in which over $30 million-worth of tokens were stolen, Novogratz noted that “these are all very young experiments.”
Novogratz first predicted the $10,000 bitcoin price last month, stating that he believes the value will be reachedin six to 10 months.