Michael Novogratz a Former Fortress hedge fund manager,
said on Monday that bitcoin can multiply more than four times in roughly the next 13 months,
“Bitcoin could be at $40,000 at the end of 2018. It easily could,” Michael Novogratz said on an interview with CNBC’s “Fast Money on monday.”
He alos said that “Ethereum, which is getting close to $500 , could be triple where it is as well.”
Bitcoin was trading near $9,656 late Monday afternoon, after hitting a record high above $9,700 earlier in the day, according to CoinDesk. Ethereum hit a record high of $493.40 Monday, according to CoinMarketCap, and last traded near $482.
The total market capitalization of all digital coins on CoinMarketCap has surpassed $304 billion Monday. Novogratz said he expects that could increase by about six times to $2 trillion at the end of next year.
Market capitalization of all digital coins (year to date change)