Goldman Sachs - Michael Novogratz - Bitcoin set for a bull run to $3915
Goldman has always been adversely reputed as manipulating the market and controlling it to a very good level with the help of it's hedge fund manager Michael (Mike) Novogratz.
It's the trend which makes me believe that now when Goldman and precisely Mike is involved in crypto and hold 10% of his net worth in Bitcoin and Ethereum, the predictions they have made are going to be true. I am pretty much sure they are holding more than 10% and are in complete control of the market or will soon be as they have been famous for the same practices with the traditional stock market.
With Blockchain bringing in darker avenues for economies and stock markets now there are 2 ways for it to go ahead, either adopt or fall behind. Goldman are just doing the right thing. Adoption is the key whenever a revolution happens and Goldman is doing just the same, adopt mechanism!
The controversial approach of the analysis by Novogratz may give a subtle feeling when he says the next movement of bitcoin could consolidate sideways and should not go further $1857 and a target of $3212 should be achieved.
What I see is, the bull run has began again, maybe the Wave IV and soon a positive Wave V is on its way could take bitcoin to $4500 to reach another all time high by November 2017 and then resisting back to $3800 by the end of December 2017.
I hope the Goldman theory comes out to be true as any of their other predictions.
Read the full articles here:
The older article from Michael Novogratz:
https://www.cryptocoinsnews.com/billionaire-investor-has-10-of-his-money-in-bitcoin-ether/
The latest article on bitcoin prediction and analysis:
http://www.zerohedge.com/news/2017-07-03/goldman-sees-bitcoin-soaring-high-3915
Nice predictions, i go for BTC bullrun to 3500 until segwitx2 that could get btc down to 2000 but long term this year 4200 seems to be at the sweet spot.
But realy that is a joke in profit, thats why i go for alt coins.
Maybe take a look into Diamond coin...
DMD got realy huge potential, just look at the chart - 6.000.000 got it over 8 USD from under 3 USD.
To finish this comment i want you guys to compare BTC with DMD:
for BTC to go to 4500 it will need additonal $33,000,000,000 in market cap.
To beat BTC in price DMD will only need additional $10,000,000,000 in market cap. (at this point 1 DMD will cost over 4600 USD - now its at 3 USD!)
@canis7lupus I never invested in DMD, but reading your comment I am going to go back and analyse it. Will post an article of my findings.
At the moment I can say, for BTC to achieve the desired market cap will be easier as it would require lesser volume; however, for DMD it requires a huge volume to achieve the desired market cap due to the low price.