Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Cordillerabit on November 29, 2017, 12:38:30 AM
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- Michael Novogratz shared his views on digital currencies at a CoinDesk bitcoin conference in New York on Tuesday.
- "I think this [crypto] is going to be the biggest bubble of our lifetimes by a longshot," he said.
Former Fortress hedge fund manager Michael Novogratz told a conference Tuesday that the digital currency market will be a wild roller coaster ride full of froth and shady behavior.
"I think this [crypto] is going to be the biggest bubble of our lifetimes by a longshot," he said at the CoinDesk Consensus: Invest conference in New York. "To be fair, this is a bubble and there's a lot of fraud mixed in. We look at tons of projects. And some get funded, and they literally look like Ponzi's. There's a lot of froth and fraud in something that's exciting as this."
Novogratz's comments come a day after he gave an aggressive price forecast for bitcoin next year.
"Bitcoin could be at $40,000 at the end of 2018. It easily could," Novogratz said Monday on CNBC's "Fast Money." "Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well."