Bitcoin to hit $20,000 by December 2018 according to Mike Novogratz

in cryptocurrency •  7 years ago  (edited)

Mike Novogratz, the former macro hedge fund manager at Fortress Investment Group who has joined the mad dash for crypto-currencies, predicts the value of a bitcoin will soar to $20,000 by the end of 2018, fueled in part by his believe mainstream institutional investors are about six to eight months from adopting the volatile crypto-currency.

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  ·  7 years ago (edited)

"The days where anyone could make money mining Bitcoin with a desktop computer or GPU cards are unfortunately long gone. The total computing (or “hashing”) power of the network has risen exponentially since the introduction of application-specific integrated circuits (ASICs), or machines designed specifically to solve Bitcoin’s mining proof-of-work algorithm and nothing else."

Isn't that the case now?

20K might be a bit too much but yeah you never know:)

omg it's seems mind blowing great ... that will be great then 😄

  ·  7 years ago (edited)

Isn't that expectations too high?

Any way anything could happen bitcoin made it from less than a dollar to it current rate

SydesJokes Colin Sydes tweeted @ 21 Nov 2017 - 11:24 UTC

#Bitcoin to hit $20,000 by December 2018 according to Mike Novogratz csyd.es/1/820 #Cryptocurrencytwitter.com/i/web/status/9…

Disclaimer: I am just a bot trying to be helpful.

mind bobling just feels like tinnnn sound to my head
@sydesjokes nice share

$20,000. Thats too much. I doubt it eill get to that amount but $10,000 is quite possible. But anything could happen so.

If I had a bitcoin for every prediction that bitcoin was dying... So I have no doubt it will keep climbing.

Ha ha, tend to agree @berolena it has not stopped climbing, takes a stumbles catches it's 'breath' and goes on again. Thanks for another awesome post @sydesjokes

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This has everything to do with The big bang theory and Mr. Robot making an episode about bitcoins! Haha

Novogratz bought around 15 to 20M during the recent dip, I wonder when would be my entry point now that the price is going up up up to the moon.

nice post @sydesjokes

Keep posting....
You are best work...
I always upvote your post

Nice to know.

That would be amazing but it has a lot of resistance and needs to become simplified for the man on the street. Only time will tell and will be interesting to see the price next year

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Realy ??

10000 USD coming by December and 15000 by March and 25000 by Dec 2018

It amazing and exciting

Yup !!!

Anything may happen. I would rather welcome stability and network throughput ;-)

what!!!! omg... i should keep bitcoin.

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Not a huge surprise at all. As the BTC price continues to rise, more and more retail investors can no longer afford it so they will shy from investing in this crypto coin. It will become an investment vehicle for institutional investors and hedge funds alike.

Why in the world can they not afford BTC? Anyone can buy any amount they want.

I know a bunch of people who will retire when that happens....

Who retires in this day and age @mariannewest this is when you start partying and going on that trip you promised yourself when working corporate for too many years.

Isn't that retirement? lol

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Yes, Bitcoin Price is Increasing day per day and like anything...:)

IMO, BTC and BCH combines $20000 is reasonable, maybe even more.

your info best info

So. I think it is still profitable to buy bitcoin?

Yes I think it is.

I don't think that bitcoin will continue leading the cryptocurrencies in the future

Hope it can wait till I am up and running with my miner.

I have been mining since Nov 2015 and I have mined 6 BTC :)

Very nice.
I started in the early days had about 2 bitcoin then stopped. :(
I just purchased a genesis open-ended mining contract. Plan on buying an ASIC miner next.

Hope you still have them ?

Upvote & resteem buddy.

Got to wait an year, hmmm sounds interesting.

Could be sooner. Lot of predictions out there :)

Great! Upvoted & Resteemed.