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.
Definitely has the possibility but with the number of other cryptocurrencies in the market as well, it may be highly unlikely by this year. Just to give you an example, last January 2017 the price of 1 bitcoin was around ~$1,000 and by the end of the year it closed to around $14,000-$15,000. That is a 1500% increase on its price in a span of a year! The question is, will that also happen by 2018?
A lot of people are speculating that the prices would reach around $35,000 by the end of 2018 but I think that it may only reach around $30,000 due to a number of factors in the market, like government interventions, pump and dump schemes by whales, county prohibitions, or even shift of interests. But there is definitely that possibility of its price exceeding $40,000 depending on the situation.