Bitcoin Price Reaching $10k by April 2018 ‘No Surprise’: Mike Novogratz
Hedge fund mogul Mike Novogratz has said he “would not be surprised” if Bitcoin were over $10,000 in the next six months.
Investor turned crypto hedge fund mogul Mike Novogratz has predicted Bitcoin will balloon to $10,000 in just six months.
“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.”
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.
“Bitcoin happens to be the bellwether of this entire decentralized revolution, so it’s the easiest way people get gain exposure to it… Things like Ethereum I think will be the public utility of this new space.”
Signs of stability
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.