Share this article
Mike Novogratz Doubles Down on $10,000 Bitcoin
Billionaire Mike Novogratz has restated his belief that bitcoin will end the year at $10,000, while ethereum could hit $500.
Updated Sep 13, 2021, 7:11 a.m. Published Nov 22, 2017, 12:25 p.m.
Billionaire and ex-fund manager Mike Novogratz has restated his belief that bitcoin will end the year at $10,000, adding that ethereum could close at $500.
Speaking with Bloomberg Daybreak: Americas yesterday, Novogratz said that "I think we'll hit a new high soon ... we'll end the year at $10,000 in bitcoin."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Ethereum, the second largest cryptocurrency by market value, will also reach a new high soon of "close to $500."
He said:
"There are a lot of positive things happening in the ethereum ecosystem."
Novogratz further played down the recent Tether hack, in which over $30 million-worth of tokens were stolen, noting that "these are all very young experiments."
Notably, the billionaire told Bloomberg that he has invested in initial coin offerings or ICOs, including one launched by the WAX digital asset exchange.
With plans to start a $500 million fund for cryptocurrencies, token sales and related startups, called the Galaxy Digital Asset fund, Novogratz indicated that he goes to great lengths to ensure the safety of his cryptocurrency holdings.
Novogratz first predicted the $10,000 bitcoin price last month, stating that he believes the value will be reachedin six to 10 months.
Michael Novogratz image via CoinDesk archives
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Bilinmesi gerekenler:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
