Published On: Tue, Nov 28th, 2017

Novogratz Sets Next Target Price for Bitcoin at $40,000

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As the world celebrates Bitcoin’s surge above $10,000 USD, hedge fund wizard Michael Novogratz predicts that Bitcoin will “easily” reach $40,000 USD in the next few months. Novogratz is equally bullish on Ethereum.
Bitcoin Will Surpass $40,000 in 2018

Bitcoin enthusiasts and financial experts take former Fortress Investment Group chief Michael Novogratz’s predictions seriously. He has been proven correct time and time again.
On November 21, 2017, Novogratz predicted that Bitcoin’s value would be higher than an ounce of gold and that a Bitcoin would reach $10,000 per coin, by the end of December 2017. As of this writing, Bitcoin is indeed higher than an ounce of gold by seven times and is poised to pass the $10,000 USD mark.
Novogratz has now issued a new prediction. On November 27, 2018, he told CNBC that Bitcoin “can multiply more than four times in roughly the next 13 months.”
During the CNBC interview, Novogratz also said:
Bitcoin could be at $40,000 at the end of 2018. It easily could.
Novogratz offers his new forecasting when Bitcoin’s market cap has reached approximately $168 billion USD, surpassing the worth of industry and business giants, such as IBM, McDonald’s, and Disney.
Moreover, Bitcoin& …

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