Mike Novogratz has the right attitude about investing and speculation, I reckon. He is not unduly bearish about bitcoin but he is also not unduly optimistic at the same time. He is only reacting to what is real and possible.
I call for everyone to also have a healthy attitude towards bitcoin investing and speculation. It will make us better investors and more importantly, better thinkers in the cryptospace.
Mike Novogratz a former Fortress Investment Group trader who lately has been pumping the controversial crypto-currency warned there will be wild crashes in bitcoin on Tuesday, just as it crossed the $10,000 mark on overseas exchanges.
This is going to become the biggest bubble of our lifetimes by a long shot, Novogratz said at an industry conference in New York. There will be wild crashes in it.
The price of bitcoin has surged tenfold this year, making for one of the biggest run-ups in price for any asset ever.
But even if theres a bust, Novogratz said hes not shying away from investing in bitcoin.
Bubbles happen around ideas that are right that actually changed the world, he said.
Novogratz compared bitcoins blockchain technology, which can verify transactions without the need for a bank, to the railroads and the internet.
Late Monday, Novogratz predicted on CNBC bitcoin could easily reach $40,000 by the end of next year.
Read in full https://nypost.com/2017/11/28/bitcoin-will-suffer-wild-crashes-big-investor-warns/
I call for everyone to also have a healthy attitude towards bitcoin investing and speculation. It will make us better investors and more importantly, better thinkers in the cryptospace.
Mike Novogratz a former Fortress Investment Group trader who lately has been pumping the controversial crypto-currency warned there will be wild crashes in bitcoin on Tuesday, just as it crossed the $10,000 mark on overseas exchanges.
This is going to become the biggest bubble of our lifetimes by a long shot, Novogratz said at an industry conference in New York. There will be wild crashes in it.
The price of bitcoin has surged tenfold this year, making for one of the biggest run-ups in price for any asset ever.
But even if theres a bust, Novogratz said hes not shying away from investing in bitcoin.
Bubbles happen around ideas that are right that actually changed the world, he said.
Novogratz compared bitcoins blockchain technology, which can verify transactions without the need for a bank, to the railroads and the internet.
Late Monday, Novogratz predicted on CNBC bitcoin could easily reach $40,000 by the end of next year.
Read in full https://nypost.com/2017/11/28/bitcoin-will-suffer-wild-crashes-big-investor-warns/