Michael Novogratz Believes Bitcoin Will Hit $10,000 by Jan 1., ETH to $500

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Michael Novogratz, a former hedge fund manager and longtime cryptocurrency investor, has amplified his confidence that bitcoin will hit $10,000 by Jan. 1, adding that ethereum may close at $500.

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“I think we’ll hit a new high soon…we’ll end the year at $10,000 in bitcoin…Ethereum, the second largest cryptocurrency by market value, will also reach a new high soon of “close to $500,” said Novogratz in an interview with Bloomberg.

“There are a lot of positive things happening in the ethereum ecosystem.”

Novograts claims to have purchase $15 million to $20 million worth of bitcoins during the correction after saying that his biggest regret of 2017 was not buying more cryptocurrencies last time the price fell.

Furthermore, Novogratz stated that he invested in Initial Coin Offerings (ICO’s) entering one created by the WAX digital asset exchange.

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