People have called John MacAfee a lunatic for predicting Bitcoin will be worth $500,000 by 2020, so by comparison Mike Novogratz's prediction feels very tame.

My favorite analogy is a nuclear reaction. It takes effort to start splitting atoms, but once critical mass is reached, you have to literally contain the reaction to stop it from snowballing into a meltdown. I see Bitcoin in the same light; the closer it reaches critical mass, the more downward pressure will be required to stop it from skyrocketing into 6 figures, and it will happen fast. Going from 1000 to 10,000 is actually harder than 10,000 to 100,000, because there is more confidence the higher it goes. It will peak at some point, but 10k is probably just base camp for now.