Bitcoin Price Will Reach $10,000 in 6-10 Months: Billionaire Wall Street Mogul

FYI.

Bitcoin Price Will Reach $10,000 in 6-10 Months: Billionaire Wall Street Mogul:

Former Wall Street giant turned billionaire private investor Mike Novogratz would not be surprised to see bitcoin price hitting above $10,000 in early 2018.

Michael Novogratz, a retired Wall Street investor and noted cryptocurrency advocate who is starting a $500 million crypto hedge fund – with $150 million of his own money – was speaking to CNBC when he revealed he was an early investor in ‘bitcoin, ethereum and a lot of different ICOs.”

Asked to put an estimate on bitcoin’s value in the coming months and years, Novogratz prefaced his take by stating “the herd [is] coming”, referencing several institutional investors getting into bitcoin – a decentralized cryptocurrency traditionally popular with the everyday retail investor.

H/t reader kevin a.

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