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Michael Novogratz: the goal of Bitcoin in 2018 is $ 40,000


Bitcoin enthusiasts and financial experts are beginning to listen to the opinion of the former manager of the Fortress investment fund and the longtime supporter of the crypto currency, Michael Novogratz, which predicts an even higher price for Bitcoins. In early October, he said that the cost of Bitcoin would be higher than an ounce of gold, and Bitcoin would reach $ 10,000 - this prediction was realized in less than two months. Now Novogratz says that in 2018 Bitcoin will reach $ 40,000.

Novogratz has now issued a new prediction. On November 27, 2018, he told CNBC that Bitcoin "can multiply more than four times in roughly the next 13 months."

During the CNBC interview, Novogratz also said:

"Bitcoin could be at $40,000 at the end of 2018. It easily could."

Novogratz offers his new forecasting when Bitcoin's market cap has reached approximately $168 billion USD, surpassing the worth of industry and business giants, such as IBM, McDonald's, and Disney.

Moreover, Bitcoin's ascending trajectory is increasingly gaining momentum as investors "fear of missing out," writes the WSJ: 


Mike Novogratz is also bullish on Ethereum. In November, he had already predicted that Ethereum would hit $500 USD by the end of 2017.

Like Bitcoin, Ethereum's price has had a stunning run this year. In fact, Ethereum's value has increased over 5,000 percent since the beginning of this year.

Novogratz latest predictions suggest that Ethereum's impressive trend will continue in 2018. He told CNBC:

Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well.

Other cryptocurrencies have been surging for the last twelve months, astonishing financial experts. Cryptocurrencies total market capitalization is over $307 billion USD, as of November 11, 2017.

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