Bitcoins tremendous rally in 2017 has left analysts racing to revise their predictions . mike novogratz feels that bitcoins rally is not done yet and that it is poised to cross $ 10000 by year end .

$10k By April 2018 ? Nah.Sooner

Mike novogratz who was ranked a billionaire by forbes in 2007 and 2008 has been a long term bitcoin bull . in an interview to CNN a month back he stated that he would not be surprised if bitcoin reaches $10000 by april 2018 . bitcoins strong rally in the last month has made him revise his prediction . he now expects bitcoin to cross $10k by the end of 2017 .

While bitcoin might have stolen the thunder in 2017 mike believes that ethereum could now be poised to make rapid gains .

Just in the last few days ethereum has started to move . i actually think its gonna put a new high soon . there are a lot of positive things happening in the ethereum ecosystem .

Deeply Invested

Mike novogratz who was a partner in goldman sachs and hedge fund manager at fortress investment group is deeply invested in bitcoin . he was an early investor in bitcoin purchasing bitcoins for $50 each in 2013 . he also invested in ether at the IPO picking it up for about thirty cents . he has stated that he has invested 10% of his life savings in bitcoin and ether . given the massive increase in prices of bitcoin and ether over the past year that proportion is likely to have increased .novogratz is currently looking to raise up to $500 million to set up a hedge fund in the cryptocurrency space .

From Strength To Strength

Bitcoin has moved form strength to strength shrugging off the $30 million hack of tether on monday . according to novogratz while security and safe custody of cryptocurrencies is a concern the market has not reacted badly since $ 30 million is small compared to the overall crypto market cap of $250 billion . in 2017 nothing seems toaffect bitcoin whether it is jamie dimons negativity or chinas crackdown . with the huge momentum behind bitcoin it would not be a surprise if novogratz is forced to revise his projection once more before 2017 ends .