Bitcoin News 

Bitcoin Price Could ‘Easily’ Reach $40,000 in 2018: Mike Novogratz

Hedge fund legend Mike Novogratz predicts that the bitcoin price could “easily” reach $40,000 by the end of 2018, while ethereum is poised to experience a threefold gain during the same timeframe. “Bitcoin could be at $40,000 at the end of 2018. It easily could,” the former Fortress manager said Monday on CNBC’s “Fast Money,” noting that the asset has significant upside due to its utility as “digital gold”. Previously, Novogratz had forecast that bitcoin would reach $10,000 by the end of 2017. Although the global average bitcoin price had…

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Mike Novogratz Says Bitcoin Will End the Year at $10,000

Billionaire trader and legendary hedge fund manager Mike Novogratz says that the bitcoin price will reach $10,000 before the end of the year. Novogratz, a former Fortress manager, made this bullish prediction in an interview with Bloomberg on Tuesday. He explained that bitcoin has value for the same reasons that gold does: scarcity, distrust of the central banking system, and consensus. Previously, Novogratz has stated that he believes mainstream financial firms are preparing to make a splash in the bitcoin markets and ecosystem. In October, he said that this Wall…

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