$20K Bitcoin By Year End?
Novogratz thinks it is a possibility. Anything is possible with Bitcoin and in the not-so-distant future, $20K will be a drop in the bucket compared to what BTC’s price will be.
“After accurately predicting a period of consolidation for BTC and a range of roughly $10,000 to $14,000, Novogratz now tells Bloomberg that it’s only a matter of time before the bitcoin price reattains its former peak. He points to bitcoin’s “big move” from $4,000 to nearly $13,500, saying he expects the consolidation to continue. Novogratz believes bitcoin will continue to trade in a range of $10,000 to $14,000, with $8,500 as the “low that holds,” adding:
‘I’m hoping it doesn’t get down there, but if it does, it wouldn’t surprise me. And then I think as these institutions that have gotten excited again, maybe toward the end of the year – hopefully sooner – we push out of that range and we go back to the old highs of $20,000.'”