As Bitcoin Touches $5k, Ex-Goldman Sachs Partner Sees 10k In Less Than A Year

9 days ago

It was with joy and exhilaration that I saw Bitcoin going relaxed over the $5k threshold today:


Screen Shot 2017-10-12 at 3.23.38 PM.png


And since no good news come alone, I also saw an apparently bland news standing out from my news feed. Michael Novogratz, of which I never heard before, I confess in all honesty, but who appears to be a billionaire and an ex-Goldman Sachs partners, came of his retirement and started a $500 millions fund dedicated to cryptocurrencies.

"I never thought I'd come out of retirement but the space is so exciting right now I decided to build a business, hire a whole bunch of smart guys, and we're gonna to raise a fund ... and hopefully take advantage of what I see as a revolution, actually. A decentralised revolution."

In the process, he also slipped his opinion about Bitcoin price, telling that we'll see BTC at $10k in the next ten months.

Now, if BTC is $5k now, and if in 10 months it will double in value, AND if the value of Novogratz's fund is 500 millions, then I can clearly understand that he just wants another billion.

Simple as that.


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.


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If Dimon didn't pick up any BTC on the dip to $3k, this is his facial expression today: this_plan_to_fix_corporate_america_is_very_rich_coming_from_jamie_dimon

Everybody wants a piece of sweet bitcoins, let's hope that the upcoming split goes well.

well if thats the case then it would be so beneficial for all bit coins holders.

I got up this morning and as pumped at the strength with witch it cleared $5000. I even wrote a post about where I think it will settle down at if you want to check it out.

I can't wait till someone comes up with an "index fund" for crypto.

$500 fund

I think you left off a million after that $500. Assuming that because down here you said

Novogratz's fund is 500 millions

·

Not an index fund, but

Bitcoin Investment Trust (GBTC)
USD$680.00 up almost 9% right now.

·

Yeap, that was a mistake, I stand corrected :)

Meanwhile in STEEMlandia. 👇👇👇👇

5K bitcoin certainly made my morning!

and bitcoin is not stopping there :D

Following & Upvoted!
So, I'm curious if GS will screw the clients who now buy per their rec? Will GS take the other side? The bastards!