The Hedge Fund legend Mike Novogratz speaking on CNBC predicted that Bitcoin will be skyrocketing in under half a year up to $10,000.
In the interview – on Wednesday, Mike has expressed publicly his bullish prediction on the Bitcoin market while saying that he will be launching a $500 million hedge fund as he can “hear the herd of bulls coming.”
“I’m pretty confident to say it’s going higher,” he told host  on the network’s Fast Money segment.
“…It would not surprise if in the next six to 10 months we’re over $10,000.”
When it comes to Bitcoin’s growth being a bubble in the industry, Novogratz simply replied: The technology of Blockchain is a revolution and it would change the way wee see things and live.”
“Yes, it’s a bubble, it’s going to be one of the great manias of all time,”
“Bitcoin happens to be the bellwether of this entire decentralized revolution, so it’s the easiest way people get gain exposure to it… Things like Ethereum I think will be the public utility of this new space.”
Bitcoin now is trading just below the major $5,000 mark which is very critical to be closed successfully above so the value would have opened gates for more gain. The recovery surge is quite stable despite the recent news from Russia, which allegedly is preparing to ban cryptocurrency sites where retail investors can gain access to virtual currency exchanges.
The same event that took place in China almost a month ago, was shaken off by Bitcoin’s community and traders as the market restructured while the investors moved to Japan or South Korea, in which countries trading would benefit both parties: exchangers and users.