Mike Novogratz: I’m Not Sure That Bitcoin Will Hit $9000 By Year’s End
Investor Mike Novogratz who predicted that Bitcoin would reach $40k by the end of the year has changed his mind, reports CNBC.
Speaking at Finance Disrupted conference, he claimed that he didn’t think that it would hit $9000 this year.
Former Goldman Sachs’s trader also noted that a lot of pressure comes from the industry members who seek for short term, as well as by cryptocurrency companies who need to cover expenses.
Let us note that Mike Novogratz claimed in September that bitcoin was ready for a boost and that it would be driven by the growing demand on the part of institutional investors.