Bitcoin Watch – Former Fortress hedge-fund manager predicts it will take until 3Q2019 for bitcoin to move above USD10,000

CNBC was reporting from the Economist Finance Disrupted event in Manhattan this week, where Former Fortress hedge-fund manager Michael Novogratz confirmed he doesn’t see much chance of bitcoin breaking out of its current slump. On stage, Mr Novogratz said: “I don’t think it breaks USD9,000 this year.” Novogratz, who predicted last year that the cryptocurrency could rise to USD40,000 in 2018, said it will take until 3Q2019 for bitcoin to move above USD10,000.

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