Published On: Thu, Apr 12th, 2018

Mike Novogratz Hires Goldman Sachs Exec for Crypto Merchant Bank

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Famous cryptocurrency investor and trader Mike Novogratz has hired a Goldman Sachs executive for his cryptocurrency merchant bank.
 $40K Bitcoin by End of 2018?
Last November, Mike Novogratz made headlines when he predicted that Ethereum would hit $500 by the end of 2017 and Bitcoin could reach $40K by the end of 2018. Novogratz’s prediction for Ethereum proved true as the cryptocurrency actually surpassed $500 and even almost hit $1400.

Since then, the whole cryptocurrency market experienced a major “shakedown” and dropped from a total market capitalization of over $8oo billion to $260 billion. The big correction may have caused uncertainty for retail traders, but many institutional investors are confident that a correction to the market was due and will soon stabilize. Some analysts predict that the total market cap for cryptocurrency could far surpass its old all-time high.
From Wall Street to Cryptocurrencies
This optimism for the cryptocurrency space is leading quite a few people from Wall Street to make the jump into the crypto world. One of the more notable of these individuals is Mike Novogratz, who was one of the first institutional investors to start seeing a future for cryptocurrencies.
Novogratz didn’t only bring millions of dollars …

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