Published On: Tue, Nov 21st, 2017

Bitcoin To $10,000 In 6 Weeks? Easy, Novogratz Tells Bloomberg

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Serial investor Mike Novogratz is this week’s championer of Bitcoin, predicting $10,000 by December 31 as prices hit new all-time highs today.
Novogratz: ‘Amazing Technology’ of Bitcoin Puts It Ahead of Gold
Speaking on Bloomberg TV, Novogratz, who has been bullish on Bitcoin throughout the year, said Bitcoin would yet hit the magic number before the new year, and also predicted $500 per coin for Ether (ETH) within the same period.
“…Gold has value solely because people say it has value; bitcoin is built on an amazing technology, there’s a limited supply of it,” he told presenters continuing his support.

Bitcoin has staged a further comeback over the past week after furor broke out over Bitcoin Cash and an alleged artificial price pump by Tether investors.
The US dollar surrogate released vast numbers of tokens into the ecosystem this month, only to reportedly lose 30 million Sunday to the hacker responsible for robbing Bitstamp in 2015.

Bitcoin Prices Shake Off Gossip to Continue Highs
While the increased issuance may well have pushed prices to their current $8000+ levels, the loss of Tether tokens this week did nothing to reverse that trend. Bitcoin is currently trading at around $8350 …

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