Its November the 28th, when Bitcoin token value [BTC] against the US Dollar has surpassed the $10k level – achieving a new all-time high which was predicted by many due end of the year to happen.
If you have followed press writing and analysts taking their try with forecasting the future of BTC, being it bullish or bearish, the $10,000 today did very well surprise them.
The Hedge Fund legend Mike Novogratz speaking on CNBCpredicted that Bitcoin will be skyrocketing in under half a year up to $10,000. [In October]
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.”
- Kumar Gaurav – founder of Cashaa Auxesis Group, stated that Bitcoin will be the always leading cryptocurrency as it had the longest time to establish and mature compared to other virtual currencies.
However, his conclusion about the future of BTC was quite on point except that Bitcoin ‘did not wait’ for three years to pass until it reaches the $10k area.
The surge the past day is quite significant and amazing but according to Wall Street strategist – quite speculative.
Wall Street strategist Bob Doll said that the record-setting bitcoin price rally may be predicated on investor speculation, but that does not detract from the fact that it is on an “amazing run”.
“‘With bitcoin, why do you need the stock market?’ has been the saying of late,” Doll said. “I confess it’s an area of that to me feels speculative, but you might call me old or old-fashioned. It’s been an amazing run, has it not?”