Post
Topic
Board Speculation
Re: Bitcoin ends a year at $10 000
by
jagdeepjd
on 25/11/2017, 14:05:53 UTC
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