Saturday, November 25, 2017

Crypto News: Billionaire Investor Believes Bitcoin Will Reach $10,000 by End of Year

Billionaire Investor Believes Bitcoin Will Reach $10,000 by End of Year

Bitcoin's tremendous rally in 2017 has left analysts racing to revise their predictions. Mike Novogratz feels that Bitcoin's rally is not done yet and that it is poised to cross $10,000 by year end.

Mike Novogratz, who was ranked a billionaire by Forbes in 2007 and 2008, has been a long-term Bitcoin bull. In an interview to CNN a month back, he stated that he would not be surprised if Bitcoin reaches $10,000 by April 2018. Bitcoin's strong rally in the last month has made him revise his prediction. He now expects Bitcoin to cross $10k by the end of 2017.

Speaking to Bloomberg TV, Mike Novogratz said:

"I think literally we end the year at $10,000 in Bitcoin. I think that is a decent move from here. I think we end the year at close to $500 in Ethereum."


Full story at http://bit.ly/2k11bmJ


Source: CoinTelegraph


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