Bitcoin's tremendous rally in 2017 has left analysts racing to revise their predictions. Mike Novogratz feels that Bitcoin's rally is not done yet and that it is poised to cross $10,000 by year end.
$10K by April 2018? Nah...sooner. Mike Novogratz, who was ranked a billionaire by Forbes in 2007 and 2008, has been a long-term Bitcoin bull. In an interview to CNN a month back, he stated that he would not be surprised if Bitcoin reaches $10,000 by April 2018. Bitcoin's strong rally in the last month has made him revise his prediction. He now expects Bitcoin to cross $10k by the end of 2017.
Mike Novogratz said: "I think literally we end the year at $10,000 in Bitcoin. I think that is a decent move from here. I think we end the year at close to $500 in Ethereum."
While Bitcoin might have stolen the thunder in 2017, Mike believes that Ethereum could now be poised to make rapid gains: "Just in the last few days, Ethereum has started to move. I actually think it's gonna put a new high soon. There are a lot of positive things happening in the Ethereum ecosystem." Read of this story here. There is an ongoing mantra right now and we are joining the bandwagon: $10K BEFORE THE YEAR ENDS! Sounds good to me since the overall sentiment of the market right now is getting to be positive and is really looking forward for Bitcoin to soon reach that level. We are not expecting any big bad news and comments from well-known financial figures are now ignored as the market is getting to be matured on that aspect. Countries that are banning Bitcoin are not anymore a big shock after what China did. Indeed, anything that is not killing Bitcoin is actually making it stronger and robust. The time for Bitcoin to shine is happening now and this can be the environment as we are now entering 2018. Notwithstanding, this does mean that the ride is always smooth as bumps and humps are always there for all of us to experience and Bitcoin's journey is not an exemption.
