Last week, the former head of Fortress Investment Group Mike Novogratz said that his new cryptocurrency fund is ready for opening. Novogratz was going to open the fund in 3 days, and claimed the bitcoin market had not yet reached its peak. He also noted that he expects in the next 2-3 months the rate will grow to $ 40,000, but the current correction has made changes in his plans.
Yesterday in Twitter Novogartz wrote:
“It seems that we have reached a short-term peak. My gut says that for a while we will stay between levels $10,000 – 16,000. The extreme value may be $ 8,000. But this is not the end of the high market. Just a pause.”
Novogratz is known for his optimistic forecasts regarding the courses of cryptocurrency. Earlier, he stated that in 2018 the price of bitcoin could reach $ 40,000, and Ethereum – $ 1,500.
Among other things, yesterday he spoke about one of the factors that influenced his short-term forecast.
“It’s always worth paying attention if an insider sells,” Novogratz wrote, referring to Charlie Lee, the creator of Litecoin, who recently eliminated all of his savings in LTC.