Bitcoin, Crypto currency, Blockchain

Novogratz: Bitcoin is not crack over$9,000 mark by the end of the year

Novogratz: Bitcoin is not crack over$9,000 mark by the end of the year

Home News Novogratz: Bitcoin is over$9,000 mark by the end of the year, not crack

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Marcel Knobloch –
04.10.2018

The price of Bitcoin for a number of weeks within a price range of 6,000 to 7,000$ and shows no clear direction – either up or down. Although the lower volatility from the point of view of many experts, is a positive sign, many of the investors on a renewed upswing.

Michael Novogratz of Galaxy Investment Partners and former Hedge-Fund Manager takes distance from its optimistic bullish attitude towards Bitcoin and stated to CNBC that Bitcoin is the$9,000 in mark is, in his opinion, by the end of the year break (freely translated):

I don’t think Bitcoin breaks this year, the$9,000 in-brand.

He believes that Bitcoin can rise in the first two quarters of the year 2019 on the$10,000-mark, before the price stabilized in the long term at this level. The coming year will be very fruitful to miss as institutional investors on the basis of “FOMO” (Fear of missing out)”, afraid to leave anything out / large amounts of fresh capital in crypto-currencies to invest.

He then assessed the investment from Tiger Global Management in the crypto-currency exchange Coinbase in the amount of $ 500 million positive, as this is one of many signals that this area of the business large Potential offers, and to expect an increase of investment into crypto projects, is (freely translated):

Here is the poster child (Coinbase) in the Crypto-Space to the value of eight billion dollars – this is a real company, and Tiger is not a Flake of an Investor. The are clever, clever people.

Within the last 24 hours the Bitcoin has seen a mini Kursantsieg of + 1.60 percent to a price of 6.581, $ 10. The trading volume is 3.3 billion $ and the market capitalization is 113.8 billion $. The next days will show in which direction Bitcoin is moving.

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