'Bitcoin will surpass $40,000, Ethereum will triple it's value in 2018' - Novogratz Predicts

Read


As the world celebrates Bitcoin’s surge above $10,000 USD, hedge fund wizard Michael Novogratz predicts that Bitcoin will “easily” reach $40,000 USD in the next few months. Novogratz is equally bullish on Ethereum.

Mike Novogratz

BITCOIN WILL SURPASS $40,000 IN 2018

Bitcoin enthusiasts and financial experts take former Fortress Investment Group chief Michael Novogratz’s predictions seriously. He has been proven correct time and time again.

On November 21, 2017, Novogratz predicted that Bitcoin’s value would be higher than an ounce of gold and that a Bitcoin would reach $10,000 per coin, by the end of December 2017. As of this writing, Bitcoin is indeed higher than an ounce of gold by seven times and is poised to pass the $10,000 USD mark.

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.

Bitcoin Surges Past $9,000 in Fastest Thousand-Point Milestone
The price of bitcoin surged past $9,000 over the weekend for the first time, a rise of nearly 900% this year. Its rise is only getting faster.

ETHEREUM WILL TRIPLE ITS VALUE IN 2018

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.

Source: Bitcoinist