Michael Novogratz Expects Cryptocurrency Market Rally in 2019

21 Oct, 2018 23:25

During a conversation with Erik Schatzker on ‘Bloomberg Markets: The Close’, he showed he is optimistic about cryptocurrencies.

The crypto bull market in 2017 was triggered by retail investors. However, in 2019, Bitcoin price could surge if institutional investors adopt it. According to Novogratz, this could happen during the first half of the next year.

“One thing you learn in this process is that everything takes a little longer than you hoped it would. I don’t see us breaking $10,000 by the end of the year,” he mentioned.