Former fund manager, billionaire Michael Novogratz said in an interview that he believes that Bitcoin will reach $ 10,000 in six to ten months.
The former head of the investment firm Fortress and former Goldman Sachs partner said he was leaving retirement to start setting up a $ 500 million in encrypted currency , tokens and related start-up companies.
The fund, known as the Galaxy Digital Asset Fund, Novgratz pointed out that he has invested $ 150 million and plans to raise the remaining $ 350 million in January next year. The remaining funds will be raised from wealthy individuals and other hedge fund managers.
Unlike the focus on small-scale encryption money , the billionaire intends to make a differential investment in the industry, or "cover the entire ecosystem."
In CNBC's Fast Money program interview, Novogratz called this new pattern a "revolution", he said:
"I have never thought about going out again after retirement, but this area is so exciting, so I decided to start a business, hire a group of smart guys, we intend to raise a fund ... hope to use this I see Revolution, a revolution to the center.
As a value store, Novogratz compares Bitcoin to digital gold, and he says that as we move on digitally, this technology is beginning to "become more and more meaningful."
Novogratz also said that although Bitcoin is a bubble, but madness is justified because it is a technological advance that is expected to fundamentally change our lives. He added that Bitcoin would be "the biggest bubble of our time," and that the price would soon reach $ 10,000 due to the attraction of the rapid gathering.
Novogratz said,
"I can hear the bulls coming to us."