Billionaire Michael Novogratz: Bitcoin price will reach $10 thousand in the next 6-10 months
Billionaire Michael Novogratz, that founded a $500 million fund to invest in cryptocurrencies and ICOs, believes that Bitcoin is showing all symptoms of a bubble, but its price will still rise to $10 thousand. He shared his views in the interview for CNBC.
Novogratz said that he had been keeping an eye on cryptocurrencies for a long time and saw a great investment potential in them.
“I have been investing in the blockchain technology and Bitcoin for a while and think that the cryptocurrency price will surge to $10 thousand in the nearest 6-10 months. Primarily due to the high interest of investors,” thinks the billionaire.
He added that considered cryptocurrencies a bubble and one of the largest crazes that ever existed in the history. However, he acknowledged that they would change the way people lived, as the Internet once did.
“Cryptocurrencies pose a real decentralized revolution. And the simplest way to participate is buying Bitcoins,” shared his opinion Michael Novogratz.