Michael Novogratz’s Bitcoin Price Prediction Shows $10,000 in Six Months

Billionaire Mike Novogratz’s Bitcoin price prediction is a bold one. During an Oct. 10, 2017, interview with CNBC, he said the currency will hit $10,000 in the next six to 10 months.

From today’s opening price of $4,776.21, that’s a potential profit of 109.37% between April 2018 and August 2018.

Michael Novogratz Bitcoin price prediction

Not bad.

Novogratz made his billions as a partner at Goldman Sachs and as the fund manager of Fortress Investment Group.

But he left because he sees an opportunity in the digital currency market, and he’s putting serious money behind it…

Billionaire Michael Novogratz Starts $500 Million Digital Currency Fund

The ex-hedge fund manager is starting a $500 million fund (Galaxy Digital Assets) to invest in cryptocurrencies, initial coin offerings (ICOs), and related companies, according to CNBC.

He put $150 million of his own money into Galaxy Digital Assets, and he plans to raise the rest from outside sources by January 2018.

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Now, most investors would love to make a 100% return in just six months.

But the profit opportunity of owning Bitcoin is going to be even bigger for long-term investors…

A Bitcoin price of $1 million sounds like a far-fetched prediction, but there’s actually one big reason why it could happen.

Money Morning Cryptocurrency Expert Dave Zeiler breaks down why the price of Bitcoin could reach $1 million by 2030, right here.

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