Bitcoin could be at $40,000 at the end of 2018. It easily could," Michael Novogratz says on CNBC's "Fast Money Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well," adds Novogratz, formerly a macro hedge fund manager at Fortress Investment Group.
If we take into account that bitcoin grew more than 1300% last year, a growth to $40,000 would be perfectly possible since it would only mean an increase of 300% on an annual basis and, in fact, maybe a growth of this magnitude would be a clear signal of a potential slowdown in the bitcoin growth, which will not be a bad thing as it significantly would reduce the high volatility that characterized it throughout 2017.
I guess Bitcoin
will rise more than that amount of money you mention above, OP. In my opinion, Bitcoin price will go up
pretty fast in 2018. Do you remember the drastic increase of Bitcoin prices last year? If you remember then you know also that the price of Bitcoin can increase to 10-fold
in 1 month. That can happen, but a fall in prices can also happen. Even a fall in prices can lead to a fall in prices to half of the Bitcoin price. But we need not fear, because I'm sure Bitcoin price will increase sharply this year. I hope Bitcoin will continue to increase to give me a lot of profit,
hahaha.