A Top Hedge Fund Manager Says Bitcoin Could 'Easily' Hit $40,000 by the End of 2018

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He said that the price of Bitcoin will increase by about four times by the end ofwhile the price of Ether will triple the current value. Earlier this year, Novogratz officially retired from the traditional finance industry to focus only on digital currency investments. Over the past few months, he has spoken with many institutional investors, who are already preparing to engage in the currency trading by the end of this year, following the launch of CME Futures.

This in turn encourages more investors to enter the Bitcoin market. He explained that saying:. This week, engineer Jameson Loeb at BitGo said that major bitcoin price to end year at 000 mike novogratz could occur during a process that develops Pitcairn to push the market value to a trillion dollars. While Loeb said it must be recognized that even the sharp correction movements such as a 50 percent drop in price, will hinder the price of Bitcoin for no more than two months.

Compared to an increase of 11 times the value, the four-fold rise in price seems more realistic and is also likely. The bitcoin market was driven through by ordinary consumers and investors, and practically no institutional funds were invested in the bitcoin. But byexperts including Novogratz predict that tens of billions of dollars will be invested in the bitcoin, which will push the market value to a trillion dollars. You have completed some achievement on Steemit and have been rewarded with new badge s:.

Award for the number of upvotes. Click on any badge to view your own Board of Honor on SteemitBoard. For more information about SteemitBoard, click here. If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you bitcoin price to end year at 000 mike novogratz help all Steemit users. Why seems " Nobograts " confident too of this? He explained that saying: In which these digital currencies differ from other commodities, is that there is no response to bitcoin price to end year at 000 mike novogratz presentation here.

So it's the dream of every speculator, so every step of the price is exaggerated. You have completed some achievement on Steemit and have been rewarded with new badge s: For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP By upvoting this notification, you can help all Steemit users.

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