As expected, Bitcoin finally touched the most awaited historical landmark of $10,000 few minutes ago, a 3.02% rise in last 24 hours. It was always on cards as the high price serge trend was unstoppable. Cryptocurrency is on a high, Ethereum is near to touch $500 and now Bitcoin just crossing $10,000 says a lot about the future of these currencies.
Hedge fund legend Novogratz predicts, Bitcoin could reach $40,000 by the end of 2018. But, Novogratz also does not recommend investing more than one two three percent of the net worth in cryptocurrencies. Ir-respective of all the naysayers who warned against investing in Bitcoin and other cryptocurrencies, people who invested few months back are enjoying one of the highest return on investment ever made online.
“Bitcoin could be at $40,000 at the end of 2018. It easily could,” Michael Novogratz said Monday on CNBC’s “Fast Money.” “Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well.” Novogratz – Former Fortress hedge fund manager
Bitcoin’s amazing market cap now stands at US$161 billion, over US$4.2 billion traded in the last 24 hours alone.