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Bitcoin Won't Top $9,000 By Year's End, Novogratz Says

by cnbc.com posted 11months ago 41 views
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.

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