Published on October 11th, 2017 | by bitcoin0
Mike Novogratz states that the price of Bitcoin shall reach $10k by April of next year.
Investor turned crypto hedge fund mogul Mike Novogratz has predicted Bitcoin will balloon to $10,000 in just six months.
Speaking on CNBC Wednesday, Novogratz, who is publicly bullish on Bitcoin and is starting a dedicated $500 million hedge fund, said he could “see the herd coming.”
“I’m pretty confident to say it’s going higher,” he told host  on the network’s Fast Money segment.
“…It would not surprise if in the next six to 10 months we’re over $10,000.”
Hedge fund legend Mike Novogratz betting it all on bitcoin from CNBC.
Asked whether he thought Bitcoin was therefore a bubble, Novogratz said the “Blockchain revolution,” like railways and the Internet, would “change the way we live.”
“Yes, it’s a bubble, it’s going to be one of the great manias of all time,” he continued.
Showing increasing resilience to political maneuvering, Bitcoin has managed to shake off wider-reaching moves by China, which saw an exchange ban and a halt on ICO operations in the country.