As Crypto Surges, Novogratz Sees Bitcoin Above $20,000 Within 18 Months
Mike Novogratz maintained his bullish position on Bitcoin. Say this for him, he is consistent.
Presently, it is a bit easier to hold that view since Bitcoin is up 10 days straight, crossing $6,000. It hit a recent peak of $6300 this morning.
Novogratz lost hundreds of millions in 2018 due to the bear market in cryptocurrency. He is hoping 2019 will be better.
He sees Bitcoin topping the all time high within 18 months. The top cryptocurrency peaked at around $20,000 at the end of 2017.
Some are attributing the recent run up to the trade war uncertainty. Novogratz believes Bitcoin is in a bull market as evidenced by it shaking off news of another exchange being hacked.
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