Bitcoin Price Reaching $10k by April 2018-Mike Novogratz
Mike Novogratz a successful hedge fund manager is predicting a bitcoin price of $10,000 by April of 2018. He is the founder of Galaxy Investment Partners and he is among the first big investors in cryptocurrencies.
In an interview with CNBC he is said that he is expecting the price of bitcoin to be $10,000 in in the next six to 10 months, largely because of heavy investor interest.
Novogratz is starting a $500 million fund to invest in cryptocurrencies, initial coin offerings and related companies. He put $150 million of his own money into Galaxy Digital Assets Fund and plans to raise the rest from outside sources by January, mainly from wealthy individuals and families and fellow hedge fund managers.
He is expecting many institutional funds to join the cyrpo industry and with the flow of big money the overall marketcap of cryptocurrencies is expected to grow.
I hope so !
I think is just a matter of time. Once the price will hit 10K , FOMO will explode and everyone will try to get on board.
Well it's not impossible, if the value of btc will reach on $5000 this month or next as I observed it is possible to reach $10k or more on that month.
The steady rise in price of Bitcoin is attracting a lot of attention from ordinary people but also for big investment companies and even governments like Australia looking into buying bitcoin. I believe is still early because the barrier to entry is a bit difficult with institutional investors (managing private keys, hard wallets ect), once these barriers will get easier than a big inflow of money will drive the price up. Again this is my humble opinion and not investment advise.
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