Mike Novogratz Doubles Down on $10,000 Bitcoin Prediction

Mike Novogratz Doubles Down on $10,000 Bitcoin Prediction

Billionaire and ex-fund manager Michael Novogratz has restated his belief that bitcoin will end the year at $10,000, adding that ethereum could close at $500. Speaking with Bloomberg Daybreak: Americas yesterday, Novogratz said that "I think we’ll hit a new high soon … we’ll end the year at $10,000 in bitcoin." Ethereum, the second largest cryptocurrency by market value, will also reach a new high soon of "close to $500." He said: "There are a lot of positive things happening in the ethereum ecosystem." Novogratz further played down the recent Tether hack, in which over $30 million-worth of tokens […]