Today Galaxy Investment Partners Founder Mike Novogratz said to Bloomberg: "Bitcoin is like gold, it has value because people say it has value".
He believes bitcoin ends a year at $10 000! Can you believe this?!
Yes, I read that article about Mike Novogratz comments regarding bitcoin. It only makes sense because he is a well known investor on bitcoin that's why he remains to be bullish. But its early to speculate. We still have a full week before the end of the month. And we all know how unstable the price is. In matter of 12 to 24 hours something might happened that can turn the tide against us. And we still have the Bitcoin Cash threat. It will remain and I think that they are not done yet. They will mount another one and the question is when. Bitcoin cash is now pumping to $1400-$1500 so it looks like its being pump by who, we don't know. But your guess is as good as mine.