Michael Novogratz Predict Again: Crypto Currency Will Recover Quickly
Michael Novogratz is an ex-hedge fund manager, formerly of the investment firm Fortress Investment Group.He was ranked a billionaire by Forbes in 2007 and 2008.
Michael Novogratz who is an ex-Goldman Sachs partner and the CEO of Galaxy Investment Partners, a cryptocurrency investment firm, He once predict that Bitcoin will reach $40,000 at the end of 2018
“Bitcoin could be at $40,000 at the end of 2018. It easily could,” Michael Novogratz said Monday on CNBC’s “Fast Money. ” “Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well. ”
Bitcoin was trading near $9,656 as at the time he predicted.
He said there is high chance that Bitcoin and other alternative coins will have a quick recovering next year than many expect. This he made know on an exclusive interview with with Financial Times (FT).
” it sucks to build a business in a bear market”.
This he said is possible at the first quarter of next year if financial institution will change their orientation about cryptocurrency, from investing in cryptocurrency funds to investing in cryptocurrencies proper in the first quarter of next year.
Can we believe his predictions again?