Former Fortress hedge fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump soon. : Former Fortress hedge fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump. "I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday. Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.