Mike Novogratz Says Bitcoin Will End the Year at $10,000
- Former Fortress Investment Group manager starting crypto fund
- Hedge fund manager says bitcoin should be compared to gold
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Hedge fund manager Mike Novogratz, who is starting a $500 million fund to invest in cryptocurrencies, says the bitcoin rally still has some serious legs.
After surging more than sevenfold since December, the largest and most widely known digital currency will end the year at $10,000 from about $8,400, he said. Smaller rival ether will trade at $500 from almost $370 Tuesday.