Bitcoin at $40,000 at the end of 2018?

Bitcoin has passed the $10,000 milestone. So what’s next?

“Bitcoin could be at $40,000 at the end of 2018. It easily could,” says former hedge fund manager Michael Novogratz in his recent appearance on CNBC’s Fast Money.

Novogratz expects the market cap for all cryptocurrencies could increase by about six times to $2 trillion at the end of next year. He remarked that “probably over 20 percent” or “maybe even 30 percent” of his net worth is in cryptocurrencies, split roughly between Bitcoin and Ethereum.

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