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?!
I saw the video and I do feel it can reach that high but I don't think his answer was very good about the "30 million hack". People who don't understand might think it is somehow related to bitcoin. The only reason there was a price movement because of the tether hack is because of a perception that it contributes to the value of bitcoin (which may be deemed false by current market sentiment). Also, Tether isn't a "trustless" cryptocurrency. You might as well be talking about dollars