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Saturday, October 14, 2017

Crypto News: Big Name Investors Voicing Bitcoin Optimism Are Louder Than Negative Colleagues

Big Name Investors Voicing Bitcoin Optimism Are Louder Than Negative Colleagues

Big name investors and billionaires are talking about bitcoin a lot these days. However, the JP Morgan CEO, Jamie Dimon, has decided to stop talking about bitcoin, for now saying, “I wouldn’t put this high on the category of important things in the world, but I’m not going to talk about bitcoin anymore.” Even though Dimon is supposedly done talking about bitcoin, many well-known billionaires and financial executives have great things to say about the currency’s future.

This week the former fund manager for the firm, Fortress, Michael Novogratz, told CNBCthat he thinks bitcoin can capture a value of $10,000 per BTC within six to ten months. Novogratz is excited about cryptocurrencies and explains the tech space is thrilling right now. The former Fortress executive does believe the currency is in a bubble right now but illustrates the demand for a decentralized financial system exists.

“I never thought I’d come out of retirement, but the space is so exciting right now I decided to build a business, hire a whole bunch of smart guys, and we’re gonna to raise a fund,” explains Novogratz.

"Hopefully take advantage of what I see as a revolution, actually — A decentralized revolution."


Full story at http://bit.ly/2z7nWaM


Source: Bitcoin News


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