On CNBC's Fast Money show yesterday they had on Mike Novogratz, Galaxy Investment Partners CEO. In August he was calling for bitcoin 10K within the next 4 to 6 months.
As we are just a stone's throw from that number the show host asked him what his thoughts for 2018 were.
Valuation Versus Gold
Many people consider bitcoin the gold of crypto as it is used as a store of value more than a transactional currency.
So that is the comparison often made when coming up with valuations for bitcoin. Being that the gold market has a $7.8 trillion valuation how much room is there for bitcoin?
Apparently a lot!
Here is the link to the interview...
FYI...
When talking about the cryptos his fund is invested in - the typical BTC, LTC, ETH was mentioned. However he also listed EOS! That is the first time I have ever heard EOS mentioned on TV.
Some things I use:
- 1broker to trade stock and currency using my bitcoin
- Bitconnect to earn daily interest lending bitcoin (risky investment though)
Best Regards,
Disclaimer: All content in this post is my opinion and for informational purposes only.