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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