M. Novogratz: Bitcoin Will End the Year at $10,000

New Bitcoin and Ethereum price prediction from financial analyst and founder of Galaxy Investment Partners
22 November 2017   28471

American financial analyst and founder of the hedge fund Galaxy Investment Partners Mike Novogratz made new predictions, seeing an even faster growth of the first crypto currency.

Mike Novogratz believes that by early 2018, bitcoin has every chance of rising to $ 10,000.

We’re in the second or third inning. Because prices have moved so far people are nervous. You made a whole lot of money, there’s news, so you want to book your profit and get out.Mik
 

Mike Novogratz

Founder, Galaxy Investment Partners

Also noted that as gold has its value because people say that it has value, and the value of bitcoin is that it is based on stunning technology and has limited emissions.

Mike Novogratz also gave a forecast for the price of Ethereum, suggesting that the second on the capitalization of the cryptocurrency can enter in 2018 at around $ 500.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   249

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
 

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.